National Bank of Kyrgyzstan Deploys $500 Million Since Start of 2026 to Stabilize National Currency

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The National Bank of Kyrgyzstan has once again entered the currency market with an intervention. On March 10, it sold $140 million, marking its fourth such operation since the beginning of the year, Akchbar.kg reports.

According to the regulator, of this amount:

  • $36 million were sold with settlement on the transaction date (spot);
  • $104 million were sold with settlement on a date different from the transaction date (forward).

All operations were conducted at the exchange rate of 87.45 soms per US dollar.

This marks the fourth currency sale by the National Bank in 2026. Previous interventions this year included:

Date

Amount Sold

January 19

$134.05 million

February 6

$109.95 million

February 26

$162.55 million

March 10

$140 million

For comparison, regulatory activity was significantly lower during the same period last year. In early 2025, the National Bank conducted only one intervention — on January 13 — selling $79 million, of which $40.2 million were settled on the transaction date.

This means that in the first months of 2026, the National Bank of Kyrgyzstan has already sold nearly seven times more US dollars on the currency market compared to the same period a year earlier.

The US dollar exchange rate in Kyrgyzstan has remained stable at approximately 87.5 soms per dollar over the past two years, supported by the regulator's active market operations.

CentralasianLIGHT.org
March 11, 2026