Kyrgyz

National Bank Revokes Exchange Office License in Osh

Bishkek’s Team-Finance LLC Exchange Office Loses License for Foreign Currency Exchange

The National Bank of Kyrgyz Republic has revoked Team-Finance LLC’s license for conducting foreign currency exchange operations in cash on May 11, according to reports from the bank’s website. The revocation was due to the exchange office’s violation of the regulatory legal acts of the National Bank.

Team-Finance LLC previously operated at the address: Osh city, 428 Lenin Street. The exchange office’s license was canceled, and it will no longer be able to conduct foreign currency exchange operations in cash.

The National Bank of Kyrgyz Republic has implemented strict regulations to ensure businesses conducting foreign currency exchange operations comply with the legal acts of the bank. The revocation of Team-Finance LLC’s license is an indication of the bank’s commitment to upholding these regulations.

 

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