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National Bank revokes licenses of two exchange offices

The National Bank of Kyrgyzstan has revoked licenses of two exchange offices for failure to comply with the requirements of the law, the official website of the regulator reported.

Exchange offices were deprived of the right to conduct exchange operations with cash foreign currency from April 24 for failure to submit daily reports. Licenses were withdrawn from Mazar-Suu LLC (license No. 5204 dated January 23, 2015) and Sultan odin LLC (license No. 5308 dated June 15, 2015).

Note, in early February, licenses were revoked from six exchange offices for the same reason. In 2016, licenses were withdrawn from 13 exchange offices for a systematic violation of regulatory legal acts and failure to comply with the requirements of the National Bank of Kyrgyzstan.

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