Kyrgyz Republic: Selected Issues
June 28, 2011
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Performance of the banking sector during the crisis and challenges are discussed. The impact of the political crisis on the banking sector is outlined. The Kyrgyz Republic is one of the most open economies in the world. Gross international reserves (GIR) in the Kyrgyz Republic have increased more than sixfold in the last decade. Gold exports, remittances, and official development assistance have become important sources of reserve accumulation. The current level of reserves in the Kyrgyz Republic comfortably meets most reserve adequacy indicators, but fails on one metric used for low-income countries (LICs).
Subject: Banking, Central banks, Conventional peg, Exchange rate arrangements, Exchange rate flexibility, Foreign exchange, International reserves, Real exchange rates
Keywords: AUB situation, bank, Conventional peg, CR, current account, demand shock, Exchange rate arrangements, Exchange rate flexibility, Global, International reserves, ISCR, Kyrgyz authorities, Kyrgyzstan, NBKR, NBKR staff members, nominal exchange rate, nominal exchange rate flexibility, open economy, problem bank, Real exchange rates, reserve adequacy, sc
Pages:
20
Volume:
2011
DOI:
Issue:
156
Series:
Country Report No. 2011/156
Stock No:
1KGZEA2011002
ISBN:
9781455280582
ISSN:
1934-7685
