BAKU, Azerbaijan, May 15. Commercial banks in Kyrgyzstan purchased $31.29 million in foreign exchange auctions in the interbank market from May 8 through 12, Trend reports with reference to the National Bank.
The figure increased by 80 percent compared to the preceding week ($17.35 million), when the auctions took place only on May 2, 3, and 4, due to the holiday.
According to the provided data, the banks purchased $26.99 million with settlement on the transaction date, and another $4.3 million was settled on a date other than the transaction date.
The value of the US dollar on the market ranged from 87.3 soms to 87.5 soms, increasing by the weekend.
In 2022, commercial banks of Kyrgyzstan purchased $1.9 billion at interbank foreign exchange auctions. The largest sums of currency were bought in January, March, June, November and December due to the intervention of the National Bank in the foreign exchange market.
The average exchange rate of the US dollar at the auctions was at the level of 84.1 soms. At the same time, the USD was sold most expensively at interbank auctions on March 15 - at 105 soms.