Historic Record. Kyrgyzstan's International Reserves Exceed $10 Billion

Ирэн Орлонская Economy
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Kyrgyzstan has reached a new historical record — the country's international reserves have exceeded $10 billion. This information was presented by the Chairman of the National Bank, Melis Turgunbaev.

He emphasized that this figure means that the republic now has a double-digit volume of gold and foreign exchange reserves.

“This is a significant achievement for us. We are approaching the level of developed countries and have entered an elite club. This reserve is twice the external debt of Kyrgyzstan, which will allow us to fully protect the currency market from external economic shocks,” he added.
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