The National Bank of the Kyrgyz Republic announced enforcement measures against currency exchange bureaus following external supervision, imposing a fine on one bureau and temporarily suspending the licence of Magnit X for breaches of the National Bank’s regulatory requirements. An exchange bureau in the Jalal-Abad region was fined KGS 55,000. The licence of LLC “Magnit X” (licence No. 6358, issued 16 September 2022) was suspended from 13 November to 19 November 2025; the bureau is located in Bazar-Korgon, Jalal-Abad region.
National Bank of the Kyrgyz Republic 2025-11-13
National Bank of the Kyrgyz Republic fines Jalal-Abad exchange bureau KGS 55,000 and suspends Magnit X licence for 13–19 November 2025
The National Bank of the Kyrgyz Republic has enforced measures against currency exchange bureaus, fining one bureau KGS 55,000 and suspending the licence of LLC Magnit X for regulatory breaches. Magnit X's licence is suspended from 13 to 19 November 2025.