In September, the gross international reserves of Kyrgyzstan reached their historic highs since the founding of the National Bank – $3,241.14 billion.
Over the past month, gross international reserves grew by $380.4 million. At the same time, since the beginning of the year, the reserves have increased by $433.03 million, and compared to August 2020, when the previous maximum level of reserves was registered, – by $169.96 million.
The National Bank uses the reserves to smooth out sharp fluctuations in the foreign exchange market. Last year, it conducted 29 interventions, selling $467,150,000. In total, since the beginning of 2021, the National Bank of the Kyrgyz Republic has conducted seven interventions, selling $311,150,000. (24.kg/Business World Magazine)
