Almaz Baketaev Appointed Chairman of the National Bank of Kyrgyzstan Following Parliamentary Confirmation

Kyrgyzstan's Parliament elects Almaz Baketaev as Chairman of the National Bank with 73 votes. Discover the latest in the country's financial leadership reshuffle.

By: AXL Media

Published: Mar 18, 2026, 10:33 AM EDT

Source: The information in this article was sourced from Trend News Agency

Parliamentary Approval for Central Bank Leadership Transition

During a pivotal legislative session on Wednesday, March 18, 2026, the Jogorku Kenesh (Parliament) of Kyrgyzstan finalized a major leadership change at the helm of the nation's financial regulatory body. Almaz Baketaev was successfully appointed as the Chairman of the National Bank of the Kyrgyz Republic. The transition marks a strategic shift in the country's monetary management as the government seeks to navigate evolving regional economic pressures.

Voting Results and Executive Nominations

The candidacy of Baketaev was formally presented to the parliament by Bektur Zulpiyev, the Permanent Representative of the President and the Cabinet of Ministers. Following a period of deliberation among members of parliament, the vote saw 73 deputies cast their ballots in favor of Baketaev. The strong majority reflects a level of legislative confidence in the appointee's ability to maintain fiscal stability. Concurrent with this appointment, the parliament also formalized the early dismissal of the outgoing chairman, Melis Turgunbaev, clearing the path for the new administration to take effect immediately.

Broader Financial Reshuffling in the Cabinet

The appointment at the National Bank appears to be part of a broader reconfiguration of Kyrgyzstan's financial and economic team. Reports from the same parliamentary session indicate that MPs also approved the appointment of a new Minister of Finance. This synchronized effort to refresh key economic positions suggests a coordinated strategy by the President and Cabinet of Ministers to reinforce the country's financial governance and policy execution frameworks during the 2026 fiscal year.