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National Bank Of The Kyrgyz Republic
The National Bank of the Kyrgyz Republic ( ky, Кыргыз Республикасынын Улуттук Банкы , Kyrgyz Respublikasynyn Uluttuk Banky) is the central bank of Kyrgyzstan and is primarily responsible for the strategic monetary policy planning of the country as well as the issuance of the national currency, the Kyrgyzstani Som, Som. History The National Bank of the Kyrgyz Republic was established upon the country's independence in 1991 from the Central Bank of Russia, which itself was a successor of the Gosbank, State Bank of the USSR. In its initial years, Kyrgyzstan and many other post-Soviet states mainly relied on the Soviet rouble as its currency. The instability of the currency and the multiple countries being unable to cooperate over monetary and fiscal policies, led to the Russian Central Bank setting up restrictions to the flow of credit and ultimately withdrawing from the currency union which then collapsed. On 10 May 1993, Kyrgyzstan then issued the fi ...
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Exchange-rate Regime
An exchange rate regime is a way a monetary authority of a country or currency union manages the currency about other currencies and the foreign exchange market. It is closely related to monetary policy and the two are generally dependent on many of the same factors, such as economic scale and openness, inflation rate, the elasticity of the labor market, financial market development, capital mobility ,etc. There are two major regime types: * ''Floating (or flexible) exchange rate'' regime exist where exchange rates are determined solely by market forces and often manipulated by open-market operations. Countries do have the ability to influence their floating currency from activities such as buying/selling currency reserves, changing interest rates, and through foreign trade agreements. * ''Fixed (or pegged) exchange rate'' regimes, exist when a country sets the value of its home currency directly proportional to the value of another currency or commodity. For years many curre ...
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Commonwealth Of Independent States
The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union in 1991. It covers an area of and has an estimated population of 239,796,010. The CIS encourages cooperation in economic, political and military affairs and has certain powers relating to the coordination of trade, finance, lawmaking, and security. It has also promoted cooperation on cross-border crime prevention. As the Soviet Union disintegrated, Belarus, Russia and Ukraine signed the Belovezh Accords on 8 December 1991, declaring that the Union had effectively ceased to exist and proclaimed the CIS in its place. On 21 December, the Alma-Ata Protocol was signed. The Baltic states (Estonia, Latvia and Lithuania), which regard their membership in the Soviet Union as an illegal occupation, chose not to participate. Georgia withdrew its membership in 2008 following the Russo-Georgian War. Ukraine formally ended its ...
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Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ...
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Red Book Of Endangered Species
The International Union for Conservation of Nature (IUCN) Red List of Threatened Species, also known as the IUCN Red List or Red Data Book, founded in 1964, is the world's most comprehensive inventory of the global conservation status of biological species. It uses a set of precise criteria to evaluate the extinction risk of thousands of species and subspecies. These criteria are relevant to all species and all regions of the world. With its strong scientific base, the IUCN Red List is recognized as the most authoritative guide to the status of biological diversity. A series of Regional Red Lists are produced by countries or organizations, which assess the risk of extinction to species within a political management unit. The aim of the IUCN Red List is to convey the urgency of conservation issues to the public and policy makers, as well as help the international community to reduce species extinction. According to IUCN the formally stated goals of the Red List are to provide scie ...
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Saimaluu Tash
Saymaluu-Tash ( ky, Саймалуу-Таш, meaning 'embroidered' or 'patterned stones' in Kyrgyz) is a petroglyph site and a national park in Jalal-Abad Region, Kyrgyzstan, south of Kazarman. Over 10,000 carved pictures—and perhaps as many as 11,000—which are black-and-white rock paintings, have so far been identified, making the site a globally important collection of rock art. They are a sacred display of offerings of the ancient people of the lower valley. Protection The site was proposed for listing under the UNESCO List of World Heritage Sites by the Kyrgyz National Commission for UNESCO on 29 January 2001. It is listed under the UNESCO's Tentative List as "Saimaly-Tash Petroglyphs" for inscription under Cultural Category under Criteria: (iii), (iv) and (vi). It is part of the larger Saymaluu-Tash Nature Park, which was established in May 2001, and covers . Location The petroglyph site is located on the Fergana Range at about in two high valleys, separated by a l ...
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Independence Day (Kyrgyzstan)
The Independence Day of Kyrgyzstan ( ky, Кыргыз Республикасынын көз карандысыздыгынын күнү, russian: День Независимости Кыргызстана) is the main state holiday in Kyrgyzstan. It is celebrated in Kyrgyzstan annually on August 31, the anniversary of its declaration of independence in 1991. History On August 31, 1991, the Supreme Council of the Republic of Kyrgyzstan adopted a law on the "Declaration on State Independence of the Republic of Kyrgyzstan". Because of this, the Kyrgyz Republic was declared an independent state. Kyrgyzstan officially adhered to the principles of international law, and cooperation between peoples. In 1993, the first constitution was adopted, which has changed several times in 20 years. In the years since independence, Kyrgyzstan has had two revolutions, each putting the first two Presidents of Kyrgyzstan in exile in Russia and Belarus respectively. Annual mass event Annually, a mass ...
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Epic Of Manas
The Epic of Manas ( ky, Манас дастаны, Manas dastanı, ماناس دستانی), is a traditional epic poem dating to the 18th century but claimed by Kyrgyz tradition to be much older. Manas is said to be based on Bars Bek who was the first khagan of the Kyrgyz Khaganate. The plot of Manas revolves around a series of events that coincide with the history of the region in the 9th century, primarily the interaction of the Kyrgyz people with other Turkic and Chinese people. The government of Kyrgyzstan celebrated the 1,000th anniversary of Manas in 1995. The eponymous hero of Manas and his Oirat enemy Joloy were first found written in a Persian manuscript dated to 1792–93.Tagirdzhanov, A. T. 1960. "Sobranie istorij". Majmu at-tavarikh, Leningrad. In one of its dozens of iterations, the epic poem consists of approximately 500,000 lines. Narrative The epic tells the story of Manas, his descendants, and their exploits against various foes. The Epic of Manas is divid ...
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Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekistan to the south, and Turkmenistan to the southwest, with a coastline along the Caspian Sea. Its capital is Astana, known as Nur-Sultan from 2019 to 2022. Almaty, Kazakhstan's largest city, was the country's capital until 1997. Kazakhstan is the world's largest landlocked country, the largest and northernmost Muslim-majority country by land area, and the ninth-largest country in the world. It has a population of 19 million people, and one of the lowest population densities in the world, at fewer than 6 people per square kilometre (15 people per square mile). The country dominates Central Asia economically and politically, generating 60 percent of the region's GDP, primarily through its oil and gas industry; it also has vast mineral ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pacific and Indian Oceans. Its Metropolitan France, metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Kingdom of the Netherlands, Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin (island), ...
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Commercial Banking
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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