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International reserves of Kyrgyzstan decrease by $215.2 million for month

As a result of January 2022, the gross international reserves of Kyrgyzstan reached $2,762.4 billion. Website of the National Bank of the Kyrgyz Republic says.

Over the past month, the gross international reserves decreased by $215.2 million. Compared to January last year, they increased by $15.4 million. At the same time, the highest level of reserves was in September 2021 — $3,241.14 billion.

The National Bank uses the reserves to smooth out sharp fluctuations in the foreign exchange market. Last year, it conducted 15 interventions, selling $698,95 million. In January 2022, the National Bank of the Kyrgyz Republic conducted two interventions, selling $156.6 million.

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