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

Виктор Сизов Economy
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On January 19, the Ministry of Finance of the Kyrgyz Republic announced an auction for the placement of temporarily free budget funds in deposits of commercial banks, as reported by the ministry's press service.

The auction will be held with the aim of placing funds for a period of 12 months.

A total of 20 billion soms has been put up for auction, distributed across 21 lots, with sizes ranging from 100 million to 2.8 billion soms. A single placement term of 12 months has been established for all lots, and the starting interest rate will be 11% per annum.

The organization of the auction has been entrusted to the Closed Joint-Stock Company "Kyrgyz Stock Exchange."
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