From February to May 2018, Kyrgyzstan’s gross international reserves declined by $ 42.2 million. The website of the National Bank reported.
As a result of January 2018, reserves amounted to $ 2,220.44 billion. However, by the end of May, they decreased to $ 2,178.4 billion, in comparison with April — by $ 14.74 million.
The National Bank uses international reserves to smooth out sharp fluctuations in the foreign exchange market. But in May, the National Bank did not conduct interventions.