National Bank of Kyrgyzstan sells $214.5M in one day, second-largest 2026 intervention

The National Bank of Kyrgyzstan (NBKR) carried out a currency intervention worth $214.5 million on 2 November. It was the second-largest such intervention since the start of 2026. According to the central bank's statistics, $16.5 million of the sale was settled on the trade date, while $198 million was settled on a different date.

Between 19 January and 2 November, the bank held 13 currency interventions, all aimed at selling US dollars. Their combined volume reached $2,293.55 million. No dollar purchases were recorded over this period. The November intervention was $8.05 million short of the annual record of $222.55 million, sold on 29 June.

According to calculations by Economist.kg, the five largest operations of the year took place on 29 June, 2 November, 7 October, 4 September and 10 August. Currency interventions are one of the bank's tools for smoothing sharp fluctuations in the exchange rate. Selling dollars increases their supply on the domestic currency market.