The past week on the Kyrgyz currency market was short but noteworthy: on 29 April, the National Bank conducted one of its largest currency interventions ever.

The regulator sold more than $158.3 million, which immediately attracted the attention of analysts and market participants.

According to data from the interbank platform, the dollar exchange rate remained stable throughout the week at 87.45 som, showing neither growth nor decline.

In total, over the week (from 25 to 30 April), the volume of transactions on the interbank market amounted to $168.45 million, of which:

• — with settlements on the transaction date — $137.95 million,
• — with settlements on a date other than the transaction date — $30.5 million.

Experts see this as a preventive measure to keep the exchange rate from getting too much pressure during the long weekend and with all the external economic turbulence. It's worth noting that there weren't any signs of a rush to buy currency when this happened.