The National Bank of Kyrgyzstan has reported that the situation on the internal currency market remains relatively stable. The regulator confirmed that currently, there is an abundance of foreign currency supply compared to demand.
From April 1 to April 17, the official exchange rate of the US dollar against the som decreased by 0.41 percent, from 89.4708 to 89.1061 som.
Since the beginning of 2024 up to April 17, the official exchange rate of the US dollar against the som has increased by 0.02 percent, from 89.0853 to 89.1061 som.
To mitigate sharp fluctuations in the exchange rate, the National Bank conducted two interventions selling foreign currency amounting to $31.85 million and three interventions buying US dollars totaling $45.30 million. The net purchase amounted to $13.45 million, according to the National Bank of the Kyrgyz Republic.
