International reserves of Kyrgyzstan decrease by $162.24 million for month
As a result of April 2022, the gross international reserves of Kyrgyzstan reached $2,599.7 billion. Website of the National Bank of the Kyrgyz Republic says.
Over the past month, the gross international reserves decreased by $162,24 million. Compared to April last year, they decreased by $75.88 million. At the same time, the highest level of the reserves was registered in September 2021 — $3,241.14 billion.
The National Bank uses the reserves to smooth out sharp fluctuations in the foreign exchange market. Last year, it conducted 15 interventions, having sold $698,95 million. From the beginning of 2022 to April 5, the National Bank of the Kyrgyz Republic conducted five interventions to sell the foreign currency in the amount of $284.3 million and two interventions to buy $19.9 million U.S. dollars. As a result, net sales amounted to $264.4 million.
