Kyrgyz National Bank sells $202.7 mln in 11th intervention of 2026

September 6, 2026 at 11:57 AM2 min

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The National Bank of Kyrgyzstan sold $202.7 million on the domestic market on September 4, its 11th currency intervention of 2026. The sale brought total interventions since the start of the year to $1.8715 billion, already more than double the $853 million sold in all of 2025.

Key Facts

The National Bank of Kyrgyzstan sold $202.7 million on September 4, its 11th currency intervention of 2026.
Total interventions since the start of 2026 reached $1.8715 billion, exceeding the $853 million sold in all of 2025 by $1.018 billion.
The largest intervention of 2026 occurred on June 29, when the bank sold $222.55 million.
The September 4 sale included $20.9 million with same-day settlement and $181.8 million with settlement on a different date.
The National Bank has not purchased dollars in 2026.

Intervention Details

The National Bank of Kyrgyzstan sold $202.7 million on the domestic market on September 4. Of that amount, $20.9 million was sold with settlement on the transaction date, and $181.8 million with settlement on a different date. This was the 11th intervention since the start of 2026 and the second largest by volume this year. The largest intervention of 2026 took place on June 29, when the bank sold $222.55 million. The August 10 intervention of $196.2 million now ranks third.

Cumulative Sales

After the September 4 operation, total currency sales by the National Bank since the start of 2026 reached $1.8715 billion. The bank has not purchased dollars in 2026. For comparison, the National Bank conducted eight interventions and sold $853 million in all of 2025. Thus, in less than nine months of 2026, sales volume already exceeded the 2025 figure by $1.018 billion, or 2.2 times.

Policy Rationale

The National Bank has previously explained that currency interventions are used to smooth temporary imbalances between supply and demand for foreign currency on the domestic market. The bank has stated that interventions are not aimed at fixing a specific exchange rate for the som.