In April, the gross international reserves of Kyrgyzstan decreased by $17.06 million, the National Bank reported.
Gross international reserves of the republic amount to $2,180.09 billion. Compared with April 2018, they reduced by $12,890 million.
Over the past two years, the highest level of the reserves was recorded in January 2018 – $2,220.44 billion.
The National Bank uses the reserves to smooth out sharp fluctuations on the foreign exchange market. In 2018, the National Bank of the Kyrgyz Republic conducted 11 interventions, having bought $ 20,550 million and sold $ 154,550 million. Net sales of dollars in 2018 were $134 million.
The reduction in the amount of reserves is partly due to the fact that in April the National Bank intervened by selling the dollars in the amount of $22.8 million. (24.kg/Business World Magazine)