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International reserves of Kyrgyzstan decrease by $204.47 million for month

As a result of February 2023, the gross international reserves of Kyrgyzstan reached $2,545.52 billion. Website of the National Bank of the Kyrgyz Republic says.

Over the past month, the gross international reserves decreased by $204.47 million. Compared to February 2022, the figure decreased by $270.55 million. The highest level of the reserves was registered 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, including purchase of dollars in the market. In total, $190,740 million were purchased. At least $419,850 million were sold during eight interventions. Thus, the net sale of dollars in the market reached $229,110 million.