Author: Rahmatillo Muratov

For the past month, Kyrgyzstan has been experiencing a severe shortage of dollars. Banks are rationing how many greenbacks they give customers – when they have any to give out in the first place. As with many other problems these days, this one has its roots in Russia’s war against Ukraine. In an attempt to maintain the stability of the foreign exchange market in Russia, the government there banned the export of anything more than $10,000 in hard currency. As Aida Karabayeva, an official representative of the National Bank in Bishkek, told reporters earlier this month, Kyrgyzstan has customarily received most of…