OREANDA-NEWS. April 15, 2011. As for opening of KGS account for the Central Treasury of the Kyrgyz Republic for performance of financial transactions of the CJSC Alfa Telecom, the National Bank of the Kyrgyz Republic informs that the National Bank is the Central Bank, i.e. it is the bank of the first level. Thus, economic agents cannot open accounts in the National Bank of the Kyrgyz Republic. 

By application of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic, on April 1, 2011, the KGS account was opened in the National Bank of the Kyrgyz Republic for the Central Treasury of the Kyrgyz Republic for performance of financial transactions of the CJSC Alfa Telecom. Central Treasury of the Ministry of Finance of the Kyrgyz Republic is a holder of this account. For the purpose of acquisition of information about this account, it is necessary to appeal to the Central Treasury of the Ministry of Finance of the Kyrgyz Republic.

At that, it is informed that in accordance with the Part II of the Article 4 of the Law “On basic provisions of the Central Treasury of the Kyrgyz Republic” N1554-XII, dated May 28, 1994, the Central Treasury of the Ministry of Finance of the Kyrgyz Republic has the right to open accounts in the National Bank of the Kyrgyz Republic for servicing of payments and receipts of the Government of the Kyrgyz Republic. 

According to the Law “On basic provisions of the Central Treasury of the Kyrgyz Republic” N1554-XII, dated May 28, 1994, the Central Treasury of the Ministry of Finance of the Kyrgyz Republic is an integral part of the Ministry of Finance of the Kyrgyz Republic and the Treasury forms the Consolidated Fund of the Kyrgyz Republic. All incomes and receipts of governmental authorities and local authorities are transferred to the Consolidated Fund. 

Management of the Consolidated Fund of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic, i.e. management of monetary assets on accounts of the Kyrgyz Republic Government, is the exclusive prerogative of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic.