Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

Cointelegraph

Published Oct 07, 2020 10:11AM ET

Updated Oct 07, 2020 12:00PM ET

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections.

Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced a temporary suspension of SWIFT in Kyrgyzstan in a statement on Oct. 7.

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