BISHKEK, Kyrgyzstan, December 12. Kyrgyzstan's international gross reserves exceed $3.62 billion as of the end of November 2023, Trend reports.
Data from the National Bank of the country shows that this marked the highest reserve level in the last two years. Over the past month, international gross reserves surged by $227.82 million, increasing by $285.45 million compared to November 2022.
|
Month of 2023 |
Gross reserves |
Liquid part of reserves |
|
January |
$2.749 billion |
$2.668 billion |
|
February |
$2.545 billion |
$2.465 billion |
|
March |
$2.489 billion |
$2.411 billion |
|
April |
$2.338 billion |
$2.259 billion |
|
May |
$2.408 billion |
$2.331 billion |
|
June |
$2.439 billion |
$2.363 billion |
|
July |
$2.529 billion |
$2.453 billion |
|
August |
$2.537 billion |
$2.462 billion |
|
September |
$2.629 billion |
$2.555 billion |
|
October |
$2.834 billion |
$2.760 billion |
|
November |
$3.062 billion |
$2.987 billion |
The peak reserve level in Kyrgyzstan was observed in September 2021 at $3.241 billion.
The National Bank uses these reserves to smooth out sharp fluctuations in the foreign exchange market. Last year, the bank conducted 15 interventions, including seven to buy US dollars on the market. In total, $190.74 million was purchased, and $419.850 million was sold. The net sale of US dollars on the market amounted to $229.11 million.