Despite the absence of interventions, Kyrgyzstan’s gross international reserves are decreasing, the National Bank reported.
Following the results of March, Kyrgyzstan’s reserves amounted to $2,118.65 billion. Over the month, they reduced by $3.61 million. But since the beginning of the year the figure has increased by $32.19 million.
The National Bank uses international reserves to smooth the sharp fluctuations in the dollar exchange rate. Last time it entered the currency market in February, buying $5.5 million. (24.kg/Business World Magazine)
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