President of Kyrgyzstan Sadyr Zhaparov took part in a celebration dedicated to the 30th anniversary of the introduction of the national currency, the press service of the Kyrgyz leader reports on Friday.
Zhaparov noted that May 1993 is one important periods in the history of the Kyrgyz Republic. “It was then that the Constitution of the Kyrgyz Republic was adopted, and after a while the national currency was introduced into circulation,” the head of state explained.
According to him, the introduction of the national currency has opened up opportunities for the most important economic reforms. “Kyrgyzstan was one of the first among the countries of the former union to introduce national currency. This determined our independent development path and created the conditions for an independent monetary policy,” he said.
The Kyrgyz leader noted that over the past 30 years, COM has become a symbol of the stability of Kyrgyz statehood and the main element of the country’s independent economic policy. “At present, against the backdrop of world events in the foreign financial market, the volatility of the currencies of other countries is observed. The current circumstances confirm the significance of the National Bank as a financial institution. It should continue to work to maintain the purchasing power of the national currency, ensure the stability of the financial and banking system and maintain the level of confidence of the population To financial organizations, ”Zhaparov said.
Zhaparov said that in the near future Kyrgyzstan would begin to print banknotes of the national currency within the republic. Corresponding work is underway in this direction, the necessary equipment has been acquired, he added.