The population holds a money supply of 200-300 billion soms.

Владислав Вислоцкий Economy
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Today, at a press conference at the Kyrgyz Stock Exchange, Marat Pirnazarov, the chairman of the Financial Market Regulation and Supervision Service, announced that the population holds a significant amount of money — between 200 to 300 billion soms.

According to him, this sum raises concerns in the context of inflationary processes.

“Our goal is to convince people of the necessity to transform these funds into investments in real sectors of the economy, rather than keeping them ‘under the mattress’. If we aim to become a regional hub, we need to create attractive conditions for investors. For example, the Freedom group has proposed to develop its point in Kyrgyzstan and implement remote identification. In the modern world, no one will come to our country to open a brokerage point,” Pirnazarov added.

Additionally, he mentioned the implementation of a number of key projects, including the establishment of a national depository, which is expected to improve transparency and reduce risks in the financial market. Work is also underway to amend the relevant legislation to facilitate the development of the virtual assets sector.
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