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Kyrgyzstan’s international reserves grow by almost $ 15 million in January

Gross international reserves of Kyrgyzstan grew by $ 14.98 million in January 2019. The National Bank of the country reported.

The international reserves reached $ 2,170.44 billion. Compared with January 2018, they reduced by $ 50 million.

The volume of reserves has been growing steadily since November 2018. Their lowest level was recorded in September 2018, when reserves fell to $ 2,090.64 billion.

The National Bank uses reserves to smooth out sharp fluctuations in the foreign exchange market. In total, the National Bank of the Kyrgyz Republic conducted 11 interventions, having bought $ 20,550 million and sold $154,550 million. Net sales of dollars since the beginning of 2018 amounted to $ 134 million. In January 2019, the National Bank entered the foreign exchange market only once, having sold $ 18.8 million.