BISHKEK, Kyrgyzstan, April 9. Kyrgyzstan's gross international reserves reached $3.491 billion at the end of March 2024, Trend reports.
According to the National Bank of Kyrgyzstan, in March of the current year, gross international reserves increased by $167.34 million compared to February 2024 ($3.323 billion) and by $254.68 million compared to the end of December 2023 ($3.236 billion). Meanwhile, compared to March of the previous year ($2.489 billion), they grew by more than $1 billion.
Table presents gross international reserves in Kyrgyzstan in 2024 by month.
|
Month of 2024 |
Gross reserves |
Liquid part of reserves |
|
January |
$3.313 billion |
$3.238 billion |
|
February |
$3.323 billion |
$3.248 billion |
|
March |
$3.491billion |
$3.416 billion |
In March 2024, the National Bank of Kyrgyzstan recorded its highest level of reserves in history. Prior to this, the highest levels of amount were observed in February 2024 ($3.323 billion), December 2023 ($3.236 billion), and September 2021 ($3.241 billion).
The National Bank uses these reserves to uphold the purchasing power of the national currency, maintain price stability, ensure financial stability, and other purposes.