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President and head of National Bank discuss new banking legislation 

President of Kyrgyzstan Almazbek Atambayev and the head of the National Bank Tolkunbek Abdygulov discussed the new banking law. Information Policy Department of the Presidential Administration reported.

President was told about work on ensuring a stable macroeconomic environment, reduction of inflation, maintaining the stability of the national currency, ensuring security of the banking and payment systems.

Low inflation rate was registered in Kyrgyzstan in 2016: the consumer price index fell by 0.5 percent compared to 2015.

Tolkunbek Abdygulov informed about the future plans of the National Bank taking into account the entry into force of the new banking legislation. It complies with the global banking practice. 

Almazbek Atambayev outlined the importance of stable and reliable financial and credit institutions of the country, which should mobilize financial resources for the benefit of businesses and citizens, contributing to long-term economic development of the country.