BISHKEK, Kyrgyzstan, January 27. As of the end of 2024, Kyrgyzstan's gross international reserves amounted to $5.088 billion, Trend reports.
According to the National Bank of Kyrgyzstan, compared to 2023, when reserves totaled $3.236 billion, the figure increased by 57.2 percent.
The liquid portion of the reserves reached $5.013 billion, which is a 58.6 percent rise from the end of 2023 ($3.160 billion).
Melis Turgunbaev, Chairman of the National Bank, said that the bank actively purchased precious metals from local producers, which contributed to both the growth of reserves and the support of the domestic precious metals market.
He also pointed out that a wise investment approach and minimizing risks were key factors in boosting asset returns and enhancing their effectiveness.
Turgunbaev noted that the increase in foreign exchange reserves helps strengthen the national currency, implement effective currency policies, meet the state's external financial obligations, support the National Bank's operational activities, and boost confidence in the country's financial system.