The National Bank of Kyrgyzstan entered the foreign exchange market with intervention for the first time in October. The bank’s website reports.
It sold $7.2 million with settlements on the date of the transaction and $19,950 million with settlements different from the date of the transaction.
Since the beginning of the year, the National Bank of the Kyrgyz Republic has conducted 12 interventions to sell dollars for a total amount of $610,840 million.
The reason for the intervention was a sharp growth of the dollar exchange rate. It grew by 20 tyiyns at once. All commercial banks of the country today set the same exchange rate for the sale of American currency — 88.97 soms.
