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Kyrgyzstan's international reserves decreasing again

International reserves of Kyrgyzstan decreased by $ 2.7 million. Website of the National Bank says.

Gross international reserves reached $ 2,106.05 billion. Since the beginning of the year, they have decreased by $ 70.44 million. The reduction in the reserves was caused by the interventions on sale of dollars, which the National Bank carried out in November. In total, $ 47,850 million were sold during 3 interventions.

In addition to the operations of the National Bank in the domestic foreign exchange market, other factors also affect the reserves. For example, these are revenues received from managing international reserves, changes in the rates of currencies that make up the reserves and gold prices, gold purchases in the domestic market of Kyrgyzstan, payments on the country’s external obligations and currency receipts in favor of the government.

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