Devaluation of the ruble starts will impact the economy of Kyrgyzstan, experts say

Almaty. December 4. Silkroadnews - Devaluation of ruble starts to impact the economy of Kyrgyzstan, the director of the National Institute for Strategic Studies KR Talant Sultanov.
"The situation in Russia will affect our migrants, the reduction of the economy will be followed by job cuts. Earnings migrants receive in rubles, and translations are carried out in dollars, respectively devaluation would reduce the income of the US currency to Kyrgyzstan, Kyrgyz Republic and the economy is heavily dependent on remittances. Kyrgyzstan already feels the pressure on som",- said T.Sultanov at a press conference on Thursday.
He stressed that the National Bank of the Kyrgyz Republic wisely smoothed the dollar, not giving it a fever, as in other countries, where at one time was held 20-25% devaluation.
"In Kazakhstan people per night lost 20% of their savings. In our case, it is balanced. But to predict what will be the course difficult. National Bank will seek to mitigate the negative consequences. We must understand, from whom and from what our economy depends. If gold and oil prices continue to fall, if our partners in trade and investment will suffer the negative consequences from sanctions, then it will affect our economy",- he added.