The Chairman of the National Bank of the Kyrgyz Republic Took Part in the 7th Meeting of Central Banks within the framework of the Forum of the Standing Committee for Economic[...]

The Chairman of the National Bank of the Kyrgyz Republic Took Part in the 7th Meeting of Central Banks within the framework of the Forum of the Standing Committee for Economic and Trade Cooperation of the Organization of Islamic Cooperation "OIC-COMCEC Central Banks Forum" on September 28-29, 2025, Istanbul, Turkey

At the meeting of central banks organized within the framework of the Forum of the Standing Committee for Economic and Trade Cooperation of the Organization of Islamic Cooperation (OIC-COMCEC Central Banks Forum), Melis Turgunbaev, the Chairman of the National Bank of the Kyrgyz Republic, delivered a report on the development of payment services and cross-border payments at the invitation of the Turkish side.

In his speech, M. Turgunbaev presented the successful experience of the Kyrgyz Republic in implementing a unified approach to payment solutions architecture. Thanks to this system, users of any mobile banking application can easily and quickly make interbank and intersystem payments and transfers using a QR code.

The head of NBKR noted that today the Kyrgyz Republic is the only country in Central Asia providing intersystem integration of various payment systems using national standard QR codes.

A separate section of the report was devoted to the topic of the central bank's digital currency. It was emphasized that the introduction of the digital som is intended not only to solve national objectives related to the development of the payment system and increasing financial accessibility, but also to create the conditions for the full participation of the Kyrgyz Republic in the global financial ecosystem of the new generation, where central banks play a key role in modernizing cross-border payments.

Within the framework of the forum, M. Turgunbaev met with Fatih Karahan, the Chairman of the Central Bank of Turkey. The parties discussed issues of bilateral cooperation and prospects for integrating national payment systems, including cross-border payments and transfers using QR codes.