Kyrgyzstan’s National Bank Executes 2nd Currency Market Intervention of 2025
Kyrgyzstan’s National Bank Engages in Significant Currency Market Intervention
Bishkek, April 30, 2025 – The National Bank of Kyrgyzstan has announced its second intervention in the currency market this year, with a substantial total of $158.3 million sold to stabilize the national currency.
On April 29, the bank reported selling approximately $129.4 million, with transactions settling on the same day. An additional $28.9 million was sold with settlements taking place on subsequent dates.
Since the start of 2025, the total volume of currency interventions has reached $237.3 million. Notably, no reverse interventions have been conducted this year, indicating a focused approach on currency sales.
In comparison, the National Bank’s intervention strategy in 2024 involved 26 operations, split evenly between currency purchases and sales. The purchases resulted in a withdrawal of $369.35 million from the market, while sales accumulated a total of $675.65 million.
As the National Bank continues to navigate the complexities of the foreign exchange market, observers will be keen to see how these interventions impact the overall economic landscape in Kyrgyzstan moving forward.
