IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jun 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

By the Decree of the Provisional Government No.56 from 7 June 2010, the Kyrgyz Republic nationalized one of the country's largest banks, the foreign-controlled 'AsiaUniversalBank.'
 
According to the decree, the bank is nationalized "with the purpose toensure the stability of banking and payment systems, not to allow socialtensions, preserve the assets in the interest of the depositors andcreditors, and prevent the deterioration of financial conditions".

AFFECTED COUNTRIES

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