Commercial banks acquired $14.15 million on interbank trading

On Monday, 24 November, commercial banks purchased $14.15 million on the interbank market. Of this amount, $6.5 million was purchased on a spot basis and another $7.65 million on a deferred basis.

At the same time, the currency remained at 87.45 KGS per dollar at the opening and closing of trading.

A similar picture was observed last week. From 17 to 21 November, the interbank market looked as if the dollar was fixed at 87.45 KGS, with no attempts to rise, fall or even hint at fluctuation. In total, banks purchased $65.5 million.

In terms of trading volumes, the week looked like this:

• 21 November: $5.6 million — ‘today’, $11.9 million — ‘for later’;
• 20 November: $1.5 million and $8.2 million;
• 19 November: $2.9 million and $11 million;
• 18 November: $6.5 million and $5.4 million;
• 17 November: $5 million and $7.5 million, respectively.

The figures changed, participants were interested, but the exchange rate remained as if tied to a single point.