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SECTION NEWS

Kyrgyz economy receives 3.8 bln soms due to National Bank’s interventions

28/03/16 11:40, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

Kyrgyz economy received 3.8 billion soms due to the National Bank's interventions, the site of NB KR reported.

It is noted that Kyrgyzstan has a floating exchange rate regime. But interventions of the National Bank on the purchase and sale of foreign currency are conducted to maintain a stable situation on the currency market. In this case the regulator buys foreign currency for KGS.

"In March of this year, foreign currency supply on the domestic market dominated over demand. In this regard, to maintain stability in the foreign exchange market, the National Bank intervened by buying foreign currency totaling $52.95 million (March 24). Thus, the National Bank of the Kyrgyz Republic has infused 3.8 billion soms into the economy," the National Bank says.

In general, from March 1 to March 25  there is observed a moderate decline in the dollar exchange rate from 73,8888 to 71,0036 soms.


URL: http://eng.24.kg/economics/179862-news24.html
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RELATED MATERIALS


Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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