TITLE: Kyrgyzstan's National Bank Suspends Licenses for Three Foreign Exchange Bureau Operators
BODY:
On June 10, 2026, the National Bank of the Kyrgyz Republic (NBKR) suspended the operating licenses of three foreign exchange bureau operators for violations of Kyrgyzstan's laws and NBKR regulatory requirements. The suspensions took effect from June 10, 2026, through June 12, 2026.
The NBKR revoked licenses for the following entities: "BNB Finance" limited liability company (LLC), operating at Bekenbaev Street, House 98, Room 3, Bishkek, which held License No. 6787 issued on April 19, 2024; "Morion" LLC, operating at Shopokova Street, House 119, Apartments 1-2 (Golden Style store location), Bishkek, which held License No. 6806 issued on May 6, 2024; and "Alfa-Express" LLC, operating at Shopokova Street, House 119/3 (Elita store location), Bishkek, which held License No. 6710 issued on February 12, 2024.
The NBKR did not specify the particular violations committed by these operators. Foreign exchange bureaus in Kyrgyzstan operate under NBKR regulation and must comply with applicable legislation and regulatory standards. The suspension of these licenses represents enforcement action by the central bank against non-compliant market participants. Individuals and businesses requiring foreign exchange services should verify the licensing status of any bureau operator through the NBKR before conducting transactions. The NBKR maintains a public registry of licensed financial service providers and can be contacted through its public relations department for inquiries regarding licensed operators.