BISHKEK, Jan. 30 (Xinhua) -- Kyrgyzstan's international reserves have exceeded 10 billion U.S. dollars for the first time in the country's history, the Kyrgyz National Kabar News Agency reported on Friday, citing Daiyrbek Orunbekov, head of the Information Policy Service of the Presidential Administration.
Orunbekov said the current volume of reserves is nearly twice the size of the country's public external debt, providing Kyrgyzstan with a solid buffer against potential external shocks to the foreign exchange market. He also noted that the reserves are sufficient to cover the country's imports for almost nine months.
He added that the growth of international reserves is a key indicator of macroeconomic stability and reflects growing confidence in Kyrgyzstan's financial system. ■