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Kyrgyzstan's international reserves reach almost $3.5 billion

At the end of March, Kyrgyzstan’s gross international reserves reached $3,491.16 billion. The website of the National Bank says.

This is the highest level of the reserves in the entire history of the National Bank of the Kyrgyz Republic.

Prior to this, the highest level of reserves was in February 2024 ($3,323.82 billion), September 2021 ($3,241.14 billion) and December 2023 ($3,236.48 billion).

In March of this year, compared to February, gross international reserves increased by $167.34 million, since the beginning of the year — by $254.68 million. Unlike March last year, they increased by $1,001.46 billion, or 40.2 percent.

The National Bank uses the reserves to smooth out sharp fluctuations in the foreign exchange market. In 2023, it conducted 14 interventions and sold $655.72 million. In 2024, the National Bank of the Kyrgyz Republic conducted only three interventions: two to sell dollars of $31,850 million and one to purchase dollars of $9 million.