BISHKEK, Kyrgyzstan, July 9. The volume of trading in securities in Kyrgyzstan amounted to 52 billion soms (about $600 million) in 2023, Trend reports.
According to the Ministry of Economy and Commerce, compared to 2022, trading volume increased by 124 percent (2.2 times).
At the same time, in 2023, 175 issues of securities were registered in the amount of 207.4 billion soms (about $2.4 billion), which is 6.85 times more than the previous year.
To note, at the end of 2023, 1,655 legal entities and individuals operated in the non-banking financial market.
Meanwhile, economic activity in Kyrgyzstan continues to show strong growth. From January through April 2024, the real GDP growth rate was 7.4 percent. The main contributions to economic growth came from the construction and service sectors. A significant expansion of investment activity in fixed capital has driven growth in the construction sector. In the service sector, growth is observed primarily in retail and wholesale trade.
The interbank money market remains stable, with the banking system maintaining a high level of excess liquidity in the national currency, creating conditions for further expansion of credit to the real sector of the economy. Flexibility in the exchange rate persists in the domestic foreign exchange market.