The National Bank of Kyrgyzstan sold $162.55 million on the currency market

On February 26, the National Bank conducted another currency intervention, selling $162.55 million on the market.

Of this amount, $131.7 million was settled on the day of the transaction and another $30.85 million was settled on a date other than the transaction date.

Thus, in just one day, sales exceeded $160 million, making February's operation the largest this year.

Previously, the regulator entered the market:

• January 19 — $134.05 million;
• February 6 — $109.95 million.

In all cases, the National Bank acted exclusively as a seller of foreign currency. The transactions were conducted at an exchange rate of 87.45 som.

In fact, in less than two months, the regulator sold $406.55 million on the market, reflecting increased demand for foreign currency and the desire to smooth out exchange rate fluctuations.