The National Bank of the Kyrgyz Republic (NBKR) has released draft legislation on the creation of a Kyrgystani som central bank digital currency (CBDC). The legislation is all in the form of ...

The National Bank of the Kyrgyz Republic has released draft legislation for the introduction of a digital som central bank digital currency by 2027.

The Kazakh tenge currency fell 3% on Thursday on the interbank market and the Kyrgyz som plunged 14%, tracking a sharp drop in the Russian rouble a day earlier amid declining oil prices.