National Bank describes situation on the foreign exchange market of Kyrgyzstan as stable. The National Bank's chairman Tolkunbek Abdygulov announced today at a press conference.
According to him, since the beginning of the year till March 29, US dollar exchange to som decreased by 6.7 percent - from 75, 8969 to 70.8471 soms. The National Bank has carried out 17 foreign currency sale interventions (of $ 77.4 million), and later on already ten interventions on purchase ($ 62.3 million). Thus, the net sale of dollars amounted to $ 15.1 million.
"The volume of international reserves of the National Bank as of March 25 amounted to $ 1, 934.6 billion. In 2015, the dollar exchange rate grew by 28.9 percent. In the monetary policy sphere, the National Bank carries out operations on withdrawal of excess liquidity. Sales of NBKR notes and overnight deposits since the beginning of 2016 have amounted to about 25.3 billion and 193.9 billion soms," Tolkunbek Abdygulov noted.