National Bank of Kyrgyzstan sells $196.2 million in August 10 forex intervention
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The National Bank of Kyrgyzstan sold $196.2 million in a foreign exchange intervention on August 10, 2026. The sale aimed to support the som, which has faced depreciation pressures. No further details on the transaction were disclosed.
The Intervention
The National Bank of Kyrgyzstan conducted a foreign exchange intervention on August 10, selling $196.2 million in the domestic market. The central bank said the operation was aimed at smoothing excessive exchange rate volatility. No additional details, including the som’s trading range during the sale, were immediately available.
Currency Pressures
The som has weakened in recent months amid declining remittances from Russia and a wider current account deficit. The National Bank has regularly intervened in foreign exchange markets to prevent sharp fluctuations. The August 10 sale marks one of the larger single-day interventions this year.
What's Next
The National Bank is expected to continue monitoring exchange rate movements. Whether additional interventions will be necessary depends on external inflows and the som’s trajectory.
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National Bank of Kyrgyzstan sells $196.2 million in August 10 forex intervention
