Central Bank of Kyrgyzstan sold its assets for over $70 million

14:44 - 24.11.2021

November 24, Fineko/abc. The National Bank of Kyrgyzstan, having entered the foreign exchange market of the republic, sold more than $70 million. 

ABC.AZ reports that a total of $70.3 million was sold. This is the second largest intervention on the foreign exchange market of the republic for the month and this year.

With the help of such measures, the National Bank of Kyrgyzstan prevents sharp fluctuations in the exchange rate of the Kyrgyz som against the world's leading currencies. In the event of an increase in the market value of the US currency, the bank sells dollars. Otherwise, the dollar is bought in the market.