• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10895 -0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
15 December 2025

Kyrgyzstan Proposes Banning Foreign Currencies in Domestic Transactions

Members of Kyrgyzstan’s Parliament, the Jogorku Kenesh, have proposed that the national currency, the som, be established as the only means of payment in the country.

The draft bill establishes that the som must be used in all domestic transactions, except for those related to export and import. It is seen as a step to reduce Kyrgyzstan’s dependence on foreign currency, and stabilize the country’s financial system.

The draft law emphasizes that using foreign currencies — especially in real estate, vehicle purchasing, and lending transactions — creates additional risks for citizens. Sharp fluctuations in exchange rates make it more difficult for borrowers to repay debts.

Similar measures have also been taken in Turkmenistan, where using foreign currency for everyday payments is almost entirely outlawed. Iraq has banned all domestic transactions to strengthen and stabilize the local currency, the Iraqi dinar.

Skyward Ambitions: Navigating the Growth and Challenges of Kazakhstan’s Aviation Industry

According to the Concept for the Development of the Transport and Logistics Potential of the Republic of Kazakhstan by 2030, the development of the country’s civil aviation industry should be conducted in three key areas: flight safety, route network development, and infrastructure modernization. So, how do things stand today in regard to fulfilling these tasks?

As previously reported by TCA, Uzbekistan has far surpassed Kazakhstan in direct air routes to key countries; from Tashkent, one can even fly to New York, which remains an elusive dream for Kazakhstanis. In 2011, Air Astana approached Boeing regarding the purchase of three 787 Dreamliner aircraft. However, when approached by TCA in August 2024, Air Astana stated that “since 2011, there have been several macroeconomic, global changes, which affected the market situation, and the timing of aircraft deliveries has been revised, including delays on the part of the manufacturer.”

 

Safety

In July of this year, a landmark event for the aviation industry occurred when President Kassym-Jomart Tokayev vowed to open the Permanent Mission of Kazakhstan to the International Civil Aviation Organization (ICAO). This was another step towards introducing advanced standards in the aviation industry, and a decision which is in line with the trend of removing all restrictions for domestic carriers on flights to the European Union from Kazakhstan. The issue was discussed at a meeting of the EU Flight Safety Committee, with the participation of representatives of the aviation authorities of 27 countries.

Unfortunately, however, cases of safety violations in civil aviation in Kazakhstan are not decreasing. According to the Bureau of National Statistics, in 2023 there were 58 accidents in air transportation, compared to 47 in the previous year. In the last month alone, three incidents involving damage to planes occurred at Astana Airport alone. The causes were weather conditions, as well as the actions of the air harbor operator. Fortunately, there were no casualties.

One of the most hotly debated problems in the aviation industry for many years has been the issue of construction in areas surrounding airports. Law enforcement are now taking measures to bring these areas into compliance. According to data from the Aviation Administration of Kazakhstan, in 2023, during an inspection by the General Prosecutor’s Office, it was revealed that within the boundaries of airport safety zones, local executive bodies had allocated approximately 1,200 plots for the construction of residential, commercial and other facilities, on which more than 900 buildings have been erected. Over 100,000 different structures have been built within the territory of airfields without the approval of airport commissions (residential, commercial, industrial, etc.).

The cities of Almaty, Shymkent, Atyrau, and Aktobe have seen the most serious cases of illegal construction. In order to establish clear requirements for the use of airfield territories, legislative amendments have since been introduced regarding the procedure for granting rights to plots located on such land.

 

Air geography

The air transportation market in Kazakhstan is growing: 8.3 million passengers traveled by air between January-July 2024. This constitutes a 14% growth when compared to the same period in the previous year. Airlines in Kazakhstan purchased eleven new aircraft last year, which increased the capacity of their fleets by 28% to around 15,400 seats.

From Kazakhstan today, it is possible to fly to 28 countries on 121 routes with a frequency of 567 flights per week. The largest number of flights is in the direction of the Russian Federation (139 flights per week on 31 routes), Turkey (125 flights per week on 18 routes), the United Arab Emirates (58 flights per week on six routes), and the People’s Republic of China (43 flights per week on nine routes). Flights to Vietnam, Thailand, Egypt, and Georgia have also increased significantly.

The deployment of the “Open Skies” policy will also continue. The National Development Plan of the Republic of Kazakhstan until 2029, recently signed by the Head of State, states that liberalization of the air transportation market based on the EU’s experience will facilitate the emergence of new low-cost airlines, which will be able to compete effectively with national carriers.

Recently, representatives from the U.S. Federal Aviation Administration (FAA) arrived in Kazakhstan to conduct a technical review into the long-mooted possibility of opening direct flights to the United States. If the FAA audit is successful and long-haul airliners are delivered to Kazakhstan, direct flights between the U.S. and Kazakhstan will be launched in 2025.

 

Take-off points and stumbling blocks

During the years since independence, a total of 22 airports have had runways constructed and reconstructed, and 16 airports have had passenger terminals constructed and reconstructed. The erection of new passenger terminals at Shymkent and Kyzylorda airports is being finalized. Modernization of air harbors is carried out at the expense of private investors.

For many years, experts have been calling attention to a shortage of aviation fuel in the domestic market and its exorbitant cost as one of the major constraints to the development of the civil aviation industry. For this reason, domestic airports are losing out to those in neighboring countries in terms of attracting and servicing transit companies.

The production capacity of domestic refineries does not cover the demand for jet fuel, and it is therefore necessary to import fuel from neighboring Russia. In order to solve this problem, it would be necessary to increase the production of jet fuel, thus eliminating the dependence on imports.

In addition to the aforementioned, there remains the long-standing personnel problem. About 20,000 people in Kazakhstan work in the aviation industry, and the need for additional staff (500-600 annually) is continuing to grow. The Civil Aviation Academy is the only higher education institution for aviation which trains personnel in the Republic of Kazakhstan and Central Asia. However, graduates of this institution are not in demand due to its non-compliance with ICAO standards and other international requirements. Therefore, aviation enterprises are forced to train personnel independently.

Without a systematic solution to these issues, it will be difficult to approach the tasks set for the industry by the National Development Plan, according to which Kazakhstan should become a regional aviation hub. This stipulates the urgent need for the introduction of a flexible tariff system, further development of the network of regional airports and the country’s aviation infrastructure, and ensuring favorable conditions for attracting specialized human resources, and optimizing customs procedures for transit cargo.

Kyrgyzstan’s Culture Ministry Wants to Fine People for Spreading “Disinformation” Online

Kyrgyzstan’s Ministry of Culture, Information, Sports, and Youth Policy has proposed issuing fines to people who promote ‘disinformation’ online.

According to the proposed amendments to the Code of Administrative Offenses, citizens who are found to have spread false information through media, websites, or social networks could be fined up to 100,000 KGS (about $1,200). For legal entities, the amount will be 200,000 KGS (about $2,400).

The ministry emphasized that in recent years there has been an increase in cases where false information on the internet has led to conflicts and a deterioration in public sentiment. However, this has sparked debate in society and among human rights activists, who fear that such measures could limit freedom of expression and lead to the control of journalists and internet users.

The ministry had previously proposed other amendments, which would allow fines to be imposed for libel and slander in the media and online.

Gold Coin From Ancient Abbasid Caliphate Found in Turkmenistan

A local history museum in the Mary region of Turkmenistan has received a gold coin dating from the 9th or 10th century. The museum’s director, Yazgul Tirkishova, has said that the dinar coin was donated by a resident of the village of Zakhmet named Nurmuhammed Babayev.

The gold dinar comes from one of the largest empires of the Islamic world, the Abbasid Caliphate. The Caliphate emerged in the 7th century and stretched from Spain to India; its gold currency was a sign of its power and prosperity. Coins of this type, weighing 4.25-4.27 grams and containing quotations from the Qur’an, became the standard of coinage for centuries.

The acquisition of the dinar is a significant event for Turkmenistan’s historians. The staff at the museum intend to thoroughly study the coin, compare it with other known specimens, and possibly discover new facts about the region’s life and culture during the Abbasid era.

The study of such artifacts helps modern scholars gain a deeper understanding of the complex history of the Islamic world, its economy, and culture and assess the Abbasid Caliphate’s influence on world history.

Afghan Military Aircraft to Remain in Uzbekistan, Taliban Protests

The U.S. Ambassador to Uzbekistan, Jonathan Henick, has told the Uzbek publication, Kun.uz, that the United States and Uzbekistan reached an agreement in 2021 on the fighter jets and military helicopters belonging to the army of Afghanistan that were flown by Afghan pilots from the country to Uzbekistan in 2021.

In answering the question of whether airplanes and helicopters will remain in Uzbekistan, Henick said that the “military equipment will remain in Uzbekistan; yes, it’s already official.” According to the diplomat, the parties have already started implementing a joint program in regards to the hardware.

The Ministry of National Defense of the Islamic Emirate of Afghanistan issued a statement regarding the opinion expressed by the U.S. Ambassador to Uzbekistan, stating that “Any deal regarding the fate of Afghanistan’s helicopters and planes in Uzbekistan is unacceptable”.

The Ministry of Defense of Afghanistan denied any deal had been struck, saying the United States “has no right to donate or seize Afghanistan’s property… The government of Uzbekistan is expected to refrain from any kind of transaction in this relationship and take a wise decision in consideration of good neighborly relations and cooperate in handing over the planes of the Afghan Air Force.”

According to Afghan media, before the Taliban seized power in August 2021, there were 164 warplanes, and now there are 81. Pilots from the Afghan Air Force also managed to transport planes and helicopters to Tajikistan.

Twenty-two military planes and 24 helicopters (Embraer EMB 314 Super Tucano, UH-60 Black Hawk, MD-530, PC-12, and Mi-17) with 585 Afghan servicemen on board crossed Uzbekistan’s airspace.

The Taliban has made several statements to the effect that these aircraft are the property of Afghanistan and should be returned. However, the Uzbek authorities have stated that the planes and helicopters are now under the jurisdiction of the United States.

This issue comes as a thorn in the side of recent good relations between Uzbekistan and Afghanistan.

ADB New Partnership Strategy for Uzbekistan Focuses on Transition to Green Economy

On August 27, the Asian Development Bank (ADB) announced the launch of a five-year country partnership strategy for Uzbekistan from 2024 to 2028. The strategy will support the country’s reforms to transform into a green and inclusive economy.

Aligned with the government’s priorities in its long-term development plan, known as “Uzbekistan-2030,” the ADB strategy will assist the Uzbek government in facilitating the country’s transition to a green economy, supporting private sector development and competitiveness, and promoting investments in human capital.

ADB’s Director General for Central and West Asia, Eugene Zhukov, commented: “ADB’s new partnership strategy for Uzbekistan will support the country in achieving its strategic goals in transitioning to a green economy by 2030. As a long-term trusted partner of Uzbekistan, ADB remains committed to helping the country sustain its robust economic expansion and reduce poverty even amid external global and regional shocks.”

The new strategy provides ADB interventions in various sectors, including energy, public sector management and governance, finance, transport, agriculture and natural resource management, and urban development. The bank will also support development in education and social protection.

ADB will strengthen macroeconomic and fiscal reforms, as well as the transformation and preparation of state-owned enterprises for privatization. The bank will support private sector engagement in economic development, including improvements to the domestic financial markets and infrastructure investments.

ADB support will focus on improving the quality and inclusivity of education and skills development in Uzbekistan, enhancing access to health and social services, and encouraging greater private sector participation.

ADB will also continue its partnerships with Uzbek civil society organizations to combat climate change, invest in people, advocate for gender equality, and support vulnerable groups.

Since 1995, ADB has provided Uzbekistan $12.5 billion worth of loans, grants, and technical assistance.