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National Bank conducts 2nd intervention in month

Tatyana KUDRYAVTSEVA
11:31, 22 April 2017, Bishkek - 24.kg news agency

The continuing fall of the US dollar exchange rate forced the National Bank of Kyrgyzstan to enter the foreign exchange market for the second time in a month with intervention. Its official website reported.

It was noted that the National Bank repeatedly bought dollars the day before. In total, it purchased $ 10,000 with calculations on the date of the transaction and $ 3, 750 million with calculations other than the date of the transaction. Thus, since the beginning of the month, the National Bank has purchased $ 12, 650,000.

The intervention has not yet yielded tangible results. The purchase rate of dollar dropped to 66.5 soms. Today, the capital’s exchange offices buy the currency for 66.5–66.9 soms, and sell — for 67–67.4. Nominal rate is 67,4719 soms (0.48 percent drop for a day).

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