• KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
13 December 2025

Public Confidence in Kyrgyz Banking Sector Rises Amid Robust Growth

Kyrgyzstan’s banking sector recorded strong performance in the first half of 2025, signaling growing public trust and active private sector engagement. The latest data from the National Bank of the Kyrgyz Republic (NBKR) shows marked increases in total assets, deposits, and loans, reflecting both economic resilience and successful monetary policy implementation.

According to the NBKR, the total assets of commercial banks have risen by 24% since the beginning of the year, reaching $11.63 billion. Deposits increased by 20% to over $8.05 billion, while the loan portfolio expanded by 22.5% to $4.8 billion. The central bank emphasized the sector’s stability and high liquidity in the national currency.

“The monetary policy being pursued allows us to maintain stability in the interbank money market. The banking system continues to enjoy high liquidity in the national currency. The National Bank is conducting operations to maintain a balanced level of money supply in the economy,” the NBKR stated.

The sector’s expansion has also been fueled by the adoption of digital banking technologies and the removal of fees for interbank transfers between individuals. In the first six months of 2025, QR code-based non-cash payments surged more than twelvefold in volume and twentyfold in value. Altogether, 167 million transactions totaling $3.16 billion were processed.

“From October 23, 2024, until the end of 2025, Kyrgyzstan has a ban on charging individuals fees for transfers in som via mobile apps and internet banking,” said NBKR Chairman Melis Turgunbaev.

The regulator also pointed to the strength of the broader Kyrgyz economy and the relative stability of the currency market. Nevertheless, inflationary pressures are mounting amid ongoing geopolitical tensions and shifting global trade dynamics. Price volatility in food and raw materials markets has been particularly acute, driven by external economic shocks and rising inflation in key partner countries.

To curb inflation and stabilize the domestic economy, the NBKR raised its key policy rate by 25 basis points to 9.25%. The central bank expects the rate adjustment to help preserve consumer purchasing power and support household financial stability.

Kyrgyzstan Begins Dried Apricot Exports to China

Kyrgyzstan has launched exports of dried apricots to China, with the first 23-ton shipment dispatched on July 29. The delivery comes after Chinese authorities approved Kyrgyz dried apricots for import, following Kyrgyzstan’s successful compliance with Beijing’s sanitary and quarantine standards.

According to the Kyrgyz Ministry of Water Resources, Agriculture and Processing Industry, this marks a significant step in expanding agricultural exports to China and sets the stage for broader trade in fruit and vegetable products.

The milestone follows the July 11 signing of a bilateral agreement to construct a food safety and quarantine laboratory in Bishkek. The facility will test agricultural goods destined for China to ensure they meet the country’s stringent import regulations.

Deputy Prime Minister Bakyt Torobayev noted that Kyrgyz-Chinese trade grew by 44.7% in 2024, reaching $5.3 billion. Exports from Kyrgyzstan to China surged to $2.04 billion, representing a 93-fold increase compared to 2023.

Agriculture has emerged as a key area of bilateral cooperation. In 2024, trade in agricultural products between the two nations totaled $153.3 million, up by $33 million from the previous year.

Kyrgyz authorities are now seeking to expand the list of approved exports. Negotiations are underway to finalize four additional protocols with China, covering dried fruits, cattle hides, meat, and animal feed. These efforts aim to diversify Kyrgyzstan’s agricultural exports and enhance its position in the Chinese market.

Officials see China’s rising demand for agricultural imports as a major opportunity for Kyrgyz farmers and exporters, particularly as the country continues to invest in infrastructure and quality assurance systems to support trade growth.

Kazakhstan Reports 134 Human Trafficking Cases in First Half of 2025

July 30 marks World Day Against Trafficking in Persons, established by the United Nations General Assembly in 2013. On this day, global attention turns to one of the gravest human rights violations: the exploitation of men, women, and children in various forms.

According to Kazakhstan’s Ministry of Internal Affairs, 134 human trafficking-related crimes were recorded in the first six months of 2025. The country has maintained an anti-trafficking program since 2002, implemented with the support of the International Organization for Migration (IOM). Over this period, 1,891 victims of labor and sexual exploitation have received assistance.

“This day reminds us that human trafficking remains one of the most serious violations of human rights, affecting millions of men, women, and children around the world. No country is immune, whether it is a country of origin, transit, or destination,” the IOM stated.

Organized Crime and Exploitation

The 2025 IOM campaign theme is “Human Trafficking is Organized Crime – End the Exploitation.” According to the UN, 74% of traffickers are affiliated with organized criminal networks. Between 2020 and 2023, over 200,000 cases of human trafficking were officially reported worldwide, though experts caution the real figure is likely far higher due to underreporting and lack of awareness.

Kazakhstan’s Role in Regional Trafficking Trends

IOM data from 2004 to 2020 indicate that Kazakhstan was the leading destination country for human trafficking victims in Central Asia, with 1,741 cases of exploitation documented. Other destination countries included the UAE (61 cases), Turkey and Russia (28 each), and Iran (7), among others.

In terms of origin countries, Uzbekistan accounted for the highest number of trafficking victims (944), followed by Kazakhstan (774), Kyrgyzstan (72), and Russia (28). Smaller numbers came from Tajikistan, Mongolia, Ukraine, the Philippines, and several other countries.

@iom.int

Victim Demographics and Exploitation Types

Among the identified victims, 52% were men (981), 47.9% were women (907), and 0.1% (3 individuals) identified as transgender. The majority were working-age adults: 35.8% were aged 18-25, while 36.4% were over 30.

Labor exploitation was the most common form, accounting for 1,151 cases (60.9%), followed by sexual exploitation with 711 cases (37.6%). Other forms, such as forced begging, childbirth, or participation in armed conflicts, made up 1.5% (29 cases).

Support Mechanisms and Legal Developments

Until 2020, IOM played a central role in assisting victims with repatriation, shelter, psychological support, medical care, and documentation. In recent years, these responsibilities have increasingly shifted to the state.

In 2024, Kazakhstan enacted a new Law on Combating Trafficking in Persons, developed by the Ministry of Internal Affairs with IOM’s technical support. The legislation outlines protections for victims and mandates public awareness campaigns.

OCA Magazine Shines Spotlight on Education in Eurasia

The latest edition of OCA Magazine (UK) focuses on the challenges and opportunities facing education in Central Asia, the CIS, and neighbouring regions. The special issue, OCA Magazine: Education, explores digital transformation, women’s access to higher education, and the drive to modernise universities in a fast-changing global environment.

The special edition includes success stories from Kazakhstan’s Al-Farabi Kazakh National University and Saken Seifullin Kazakh Agrotechnical Research University, where AI, digital campuses, and international double-degree programmes are reshaping learning. The issue also features insights from British tourism expert, Sophie Ibbotson, who predicts that by 2033, tourism in Uzbekistan could generate over 290,000 direct jobs, making hospitality and creative education a national priority.

The Methodica School and Tashkent International School, pioneers of innovative and multicultural learning, are also in the spotlight, as well as Tajikistan’s cultural renaissance, where music education and the work of composer Tolibkhon Shakhidi exemplify the fusion of tradition and modernisation.

The edition, supported by Hertfordshire Press and the Eurasian Creative Guild (London), is distributed to universities, diplomatic missions, and cultural institutions worldwide. A digital version is available at ocamagazine.com.

Uzbek-Born Author Dina Rubina’s Tashkent Event Suspended Amid Outrage Over Gaza Comments

Ticket sales for an upcoming literary event in Tashkent by Israel-based writer Dina Rubina have been suspended following widespread controversy over her remarks about the Gaza conflict.

Rubina, born in Tashkent in 1953, was formerly a member of the Uzbekistan Writers’ Union. She moved to Moscow in 1984 and currently resides in Israel, continuing to write in Russian.

Rubina was scheduled to perform at Turkiston Palace in Tashkent on October 10, with tickets sold through box offices and online via iTicket.uz, according to Anons. However, online sales have since been discontinued, and promotional materials on Afisha.uz have been taken down.

The backlash emerged after excerpts from Rubina’s recent interview with Russian television channel Dozhd were widely circulated and criticized. In the interview, aired on July 20, Rubina discussed the Hamas attacks on Israel on October 7, 2023, and the ensuing violence.

Journalist Mikhail Kozyrev, who conducted the interview, later revealed on his Facebook page that some of Rubina’s more inflammatory statements had been edited out. According to Kozyrev, Rubina had said: “Israel has the right to defend itself. It has the right to dissolve them all in hydrochloric acid, clean Gaza and turn it into a parking lot. There is no civilian population there! One teacher kept an Israeli soldier’s head in a refrigerator, another stored body parts for sale, they are expensive, in a basement. Don’t talk to me about ‘peaceful civilians’.”

Kozyrev explained that the phrases were removed from the broadcast due to their extreme nature, but he later published the full transcript online. This prompted backlash, with some accusing the channel of censorship.

Russian musician Andrei Makarevich criticized Dozhd’s editorial choices, arguing that they “cut out the most important parts.” Kozyrev responded that the remarks were omitted because “such statements should not be made about anyone.”

As the controversy intensified, Rubina posted a statement on July 29 accusing Kozyrev of misrepresenting her words: “Apparently, the interview seemed too mild to the interviewer, so he hastily filled his Facebook page with dirty distortions of my various words and phrases. This is not just falsification; it’s deliberate manipulation of meaning.”

Kozyrev later issued an apology, acknowledging that publishing the unedited transcript was a mistake: “Generalizing about entire nations is destructive. There are no bad nations, only bad people. Even war cannot justify statements like ‘they all must be destroyed’.”

In response, Russian journalist Ilya Azar called for a more humane approach from supporters of Israel. “I saw photos of starving children in Gaza and then read Rubina’s comments,” he wrote on social media. “How can an educated adult, especially Jewish, aware of their history, say or even think this? Yes, the October 7 attack was horrific, but it has already been answered, terrifyingly. People must stop this genocide.”

Kazakh journalist and activist Aigerim Bukeyeva compared Rubina’s remarks to Russian war propaganda: “To the fans of Dina Rubina, who is apparently planning another tour in Kazakhstan, are you eager to see the ‘talented writer’ because of her work or because you share her cannibalistic views? We protest the performances of infamous Russian propagandists, Rubina is no better.”

Tajikistan Launches Export Support Program for Small Producers and Farmers

Tajikistan has launched a wide-reaching initiative aimed at strengthening the country’s export potential, with a particular focus on supporting small producers and farmers. According to Khurshed Zuhurzoda, First Deputy Director of the Export Agency, export support centers and export schools are being established across the regions to provide both infrastructure and education to help local products reach international markets.

Empowering Farmers and Small Businesses

The program, supported by the World Bank, targets small-scale farms of which there are over 200,000 nationwide, that often lack the logistical, financial, and regulatory resources necessary to export their goods.

“This project is especially important for small-scale producers who do not have sufficient resources and knowledge to organize the export of their products,” Zuhurzoda said.

Education, Consulting, and Promotion

The initiative is grounded in the newly approved Concept for the Development of Export Support Centers and Export Schools. These institutions will offer comprehensive support to prospective exporters, including:

  • Training in the fundamentals of international trade;
  • Consulting on certification, customs procedures, and legal compliance;
  • Assistance in identifying foreign partners and market entry strategies;
  • Participation in international exhibitions and forums;
  • Promotion of the Made in Tajikistan brand through digital and traditional media.

The program aims to enhance the global visibility of Tajik products and reinforce the presence of local producers in competitive international markets.

A grant from the World Bank is also funding the construction and outfitting of the first regional export centers, scheduled to open in the Gorno-Badakhshan Autonomous Region and Khatlon region by the end of 2025.

Rising Trade Validates Strategic Direction

Zuhurzoda noted that the program’s rollout coincides with an uptick in foreign trade. In the first half of 2025, Tajikistan’s foreign trade turnover reached $4.7 million, a 7.2% increase compared to the same period in 2024.

Officials view this as confirmation that their strategy of diversifying the economy, strengthening small and medium-sized enterprises, and boosting the international competitiveness of Tajik goods is gaining traction.

Amid intensifying global competition and regional shifts in trade logistics, this initiative may play a pivotal role in building a resilient and export-oriented economy in Tajikistan.