Published
11/12/2025, 10:10On November 11, the National Bank held an auction to sell its short-term securities—7-day notes—worth 10 billion KGS.
Banks buy these securities from the National Bank, effectively lending it money temporarily, which will be returned with a profit in a week, on November 19. The average yield at the end of the auction was 3.45% per annum.
Such operations help the National Bank regulate the amount of money in the economy. There is currently a lot of free money in the banking system, and the regulator is temporarily withdrawing it so as not to increase pressure on prices and the KGS exchange rate.
