Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
InterviewsFebruary 14 2011

Kyrgyz central bank tackles political crisis

Baktygul Jeenbaeva was plucked from the private sector to become acting chairman of the National Bank of the Kyrgyz Republic in July 2010, following the overthrow of the country’s government in April. She explains how she responded to the crisis, and sets out the fate of the country’s largest bank.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Kyrgyz central bank tackles political crisisBaktygul Jeenbaeva, acting chairman, National Bank of the Kyrgyz Republic

Q: How have events since April affected yourself and the staff of the National Bank, and their ability to maintain the stability of the Kyrgyz financial system?

A: Of course, the revolutionary developments in Kyrgyzstan have resulted in changes to the operational staff of the NBKR [National Bank of the Kyrgyz Republic]. The staff of the National Bank were forced to work overtime to take decisions and introduce operational measures to ensure the functioning of the banking system in crisis. Thanks to the efforts of National Bank staff, the crisis did not spread through the banking system. Working in such conditions showed how important it is for the National Bank to have a reliable, trained team of professionals.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial