KGS – Kyrgyzstani Som
KGS is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Kyrgyzstan.
Besides this limitation, this currency is considered to be complex. In some cases, the remitter may be required to provide supporting documentation indicating the purpose of each payment. In addition, please note that payments to individuals are permitted except where payment is directly to a landlord for rent of premises.
- Currency Guidelines
Besides the standard information, it is important to note that the domestic account number format is a sixteen digit account number.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Additionally, it is mandatory to provide in the remittance information:
6-digit BIK code for beneficiary bank
8-digit purpose of payment code
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Kyrgyzstan: http://www.nbkr.kg/index.jsp?lang=ENG