Tolkunbek Abdygulov: What is happening in currency market – speculative attack

"Current developments in the currency market is a speculative attack," the chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov said at a press conference.++

According to him, today exchange offices sold the US currency for 79 soms. Now the rate declined by almost 1.5 soms. It shows that there is  artificially created hype around the change of the rate.

"Someone is playing at this and trying to make money. We are monitoring the situation on the currency market and take action. I will tell in detail about the taken measures  at a press conference on monetary policy and the discount rate next week. I can say that today there are no objective reasons for dollar growth," Tolkunbek Abdygulov said.