The National Bank of Kyrgyzstan entered the foreign exchange market with intervention for the first time in September. The bank’s website says.
A total of $8.6 million was sold with settlements on the date of the transaction and $39,090 million — with settlements different from the transaction date.
Since the beginning of the year, the National Bank of the Kyrgyz Republic has conducted 11 interventions to sell dollars for a total of $583,690 million.
The reason for the intervention was a sharp change in the dollar exchange rate. It immediately grew by 30 tyiyns. All commercial banks in the country have set the same exchange rate for the sale of the American currency — 88.76 soms.
