The Ministry of Finance announced an auction for the placement of 20 billion soms in deposits of commercial banks.

Евгения Комарова Economy
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The Ministry of Finance of Kyrgyzstan has announced an auction to be held on January 19. As part of this auction, it is planned to place temporarily free budget funds in deposits of commercial banks.

According to information from the department, the funds will be placed for a period of 12 months.

The total amount to be offered at the auction is 20 billion soms. These funds are divided into 21 lots, with sizes ranging from 100 million to 2.8 billion soms. All lots have the same placement period of 12 months, and the starting interest rate is 11% per annum.

The organization of the auction will be carried out by the Closed Joint Stock Company "Kyrgyz Stock Exchange."
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