At the end of February, Kyrgyzstan’s gross international reserves reduced by $6.3 million, official website of the National Bank reported.
International reserves formed in the amount of $2,214.14 billion. Despite the reduction in reserves compared to January, the indicator still remains quite high. The international reserves of the country were larger only in August 2014 – $2,222.68 million.
The National Bank uses international reserves to smooth the sharp fluctuations in the dollar exchange rate. In February the bank conducted only one intervention, purchasing $5.5 million on the foreign exchange market. (24.kg/Business World Magazine)
