: / In Kyrgyzstan / Politics

Kyrgyzstan Review, 10 years ago

[02.11.23] Kyrgyz Deputy Premier Speaks Out for Single Central Asian Market

The US dollar has blazed a solid trail in Kyrgyzstan. The exchange rate of the US dollar has increased and returned to the level registered at the beginning of the year. This has had a favorable impact on Kyrgyz exports, which depend on foreign currency flows to a large extent, Kyrgyz Deputy Prime Minister Joomart Otorbayev has told a briefing at the Kabar news agency.
This year, Kyrgyzstan's gold and currency reserves soared to 300m dollars, exports are exceeding imports, budget revenue is increasing, while inflation stands at only 3 per cent.
Many foreign countries would like to operate within a single Central Asian market. Kyrgyzstan has repeatedly underlined that borders should be open and that everyone will only gain from this - the more so as neighboring countries and CIS partners are currently preparing to join the World Trade Organization. This is a good opportunity to agree on free trade rather than impose customs or other kinds of obstacles at borders, [Deputy Prime Minister Joomart Otorbayev said].
Kyrgyz-Press International News Agency, December 02, 2003

More on the issue: