Kyrgyz som – one of most stable currencies among former USSR countries

Analysts of Bloomberg have calculated  how the value of national currencies of the countries of the former USSR has changed over the past six months. Kyrgyz som is among the most stable currencies.

According to the results of the first half of 2018, the Russian ruble fell in price most of all (by 8.64 percent), while the Ukrainian hryvnia strengthened by 7.14 percent. It was noted that the Russian ruble for the first time in five years showed the worst dynamics among the currencies of the countries of the former USSR.

The Kyrgyz som is among four countries that showed the highest growth. After Ukraine, the positive dynamics was demonstrated by the Georgian lari (strengthened by 6.1 percent), the Moldovan leu (strengthened by 1.69 percent) and the Kyrgyz som (strengthened by 1.14 percent).

«As for Kazakhstan and Belarus, the members of the Eurasian Economic Union for which Russia is the main trade partner, their currencies have felt the consequences of the U.S. April sanctions,» the report said.