Published
03/20/2025, 13:21The official dollar exchange rate in Kyrgyzstan for the first time in a long time fell by 1.62% to 85.6093 KGS. However, despite the decrease in the exchange rate, many readers note that at the current moment it is difficult to buy currency at a price close to the official price.
Exchange offices are reluctant to provide the opportunity to exchange KGS for dollars.
However, representatives of exchange offices do not confirm the problem. According to them, currency sale operations are carried out, and the exchange rate may vary depending on supply and demand. But in general, the situation remains under control.
‘Today the currency market of Kyrgyzstan is stable, despite the impact of the geopolitical situation in the region. We see that the dollar has become a little cheaper, and if a month ago the exchange rate was almost 88 KGS per dollar, today it is about 86 KGS. However, the exchange rate fluctuations continue: the dollar can rise to 87 and then fall again,’ commentedDuman Ryskulov, ex-head of the Association of Exchange Bureaus “Alliance” and an expert.
He also added that the volatility of exchange rates is also felt on international platforms such as Forex and Garantex. This is especially noticeable against the background of recent negotiations between world leaders and on the issue of Ukraine, namely the political situation there.
Despite this, according to the expert, inflation is not felt in Kyrgyzstan, and the currency market continues to function in relatively stable conditions. All participants of the currency market, including exchange offices, are confident that the exchange rate will continue to fluctuate, but forecasts remain flexible.
