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  • Kyrgyz Som fell compared to the dollar, but strengthened if compared with the currencies of EAEU partners

    The official dollar-som exchange rate for April 17 is 80.0071 KGS per USD, an increase of 0.4% compared to April 16. Such data is provided by the National Bank.

    Meanwhile, in commercial banks, the value of American currency is approaching the mark of 81 soms, sold in the context to 80.8 soms. According to the Kyrgyz Stock Exchange, a dollar costs 80 soms and a euro costs 87.1 soms.

    It is worth recalling that on April 9, the official dollar exchange rate fell 8.33%. The cost of a unit of American currency as 77.8 soms.  However, as early as April 10, rate began to grow again. To date, it has added 3.53% in price.

    At the same time, the some strengthened against the ruble by 0.93%,, against the tenge – by 0.11%.

    The dollar also rose against the ruble. According to the Central Bank of Russia, the dollar costs 74.7 rubles, and the euro – 81.3 rubles. At Moscow Exchange, the dollar is trading at 74.1 rubles, and the euro at 80. Ruble

    In its turn, the price of WTI crude oil fell below $20 per barrel, and the price of a barrel of Brent crude oil is $28.2.

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    The National Bank postponed payment of issued loans to commercial banks for 2 years

    As part of measures to minimize the negative consequences of the COVID-19 pandemic, as well as in order to support regional development, the National Bank’s Board, on April 15,2020, adopted a resolution “On Amending Resolution of the National Bank’s Board dated December 23,2015 No 78/10 “On prolongation of loans granted to commercial banks within the framework of credit auctions of the National Bank.”

    In accordance with this decision, loans issued in the framework of a credit auction in the period from May 2018 and the repayment period, which begins in 2020, can be additionally extended with a total period of up to two years. Loans issued by the National Bank in 2018 were intended for the development of the regions of the Kyrgyz Republic.