On Inflationary Concerns in Kyrgyz Republic

Here is an interesting graph that I made using EBRD data:

The question is why was the velocity of money so out of whack from 2002 to 2006? It is understandable why people decided to hoard cash in 2005 and 2006 (after the first revolt), but I am not sure about 2002 to 2004.

I've included Kazakh inflation rate to illustrate how closely Kyrgyz inflation rate tracks it (1999 and 2010 spikes are due to unusual M2 increases in KG relative to KZ money supply).