Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 01 01 - Liquidity Support AFN
Afghanistan 01A 01A - Short-term lending AFN
Afghanistan 01B 01B - Support policies for short-term lending AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 14 April 2020).

No estimate/amount: The Financial Stability Committee is meeting regularly to assess evolving risks to the financial and monetary stability. Da Afghanistan Bank or DAB (central bank) has intensified its monitoring of banks and indicated its readiness to provide liquidity as needed.

Afghanistan 01C 01C - Forex operations AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).

No amount/estimate: (i) DAB is in discussions with money-service providers, who play a systemic role in financial transactions, to ensure uninterrupted services, including transactions in foreign currency, and to encourage enhancement of their remote services given closures; (ii) DAB remains focused on price stability and is committed to exchange rate flexibility, limiting its foreign interventions to preventing excessive volatility.

Armenia 01 01 - Liquidity Support AMD
Armenia 01A 01A - Short-term lending AMD
Armenia 01B 01B - Support policies for short-term lending AMD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).

No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency.

Armenia 01C 01C - Forex operations AMD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 05 May 2020).

(i) No amount/estimate: Provided a few foreign exchange swap operations to assure sufficient liquidity in AMD and in foreign currency. The CBA has undertaken some foreign exchange sales to limit excessive dram volatility since; (ii) The exchange rate has been allowed to adjust flexibly and has depreciated around 3% against the USD since the end of February. No balance of payment or capital control measures have been adopted.

Azerbaijan 01 01 - Liquidity Support AZN
Azerbaijan 01A 01A - Short-term lending AZN
Azerbaijan 01B 01B - Support policies for short-term lending AZN
Azerbaijan 01C 01C - Forex operations AZN International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 01 October 2020).

April 2020, The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, conducted scheduled and extraordinary foreign exchange auctions, and satisfied all demands for foreign currency at the announced 1.7AZN/USD rate.

Georgia 01 01 - Liquidity Support GEL 2,785,310,750 916,000,000
Georgia 01A 01A - Short-term lending GEL
Georgia 01B 01B - Support policies for short-term lending GEL International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

No amount/estimate: The National Bank of Georgia (NBG) announced measures to support capital and liquidity in the banking sector.

Georgia 01C 01C - Forex operations GEL 2,785,310,750 916,000,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 January 2021).

(i) NBG has sold USD916 million in five interventions in the foreign exchange market, to prevent disorderly depreciation; (ii) No amount/estimate: 14 May 2020, To ease lari liquidity pressures, the NBG started FX swap lines with banks and microfinance institutions in mid-April.

Kazakhstan 01 01 - Liquidity Support KZT 1,750,000,000,000 4,244,996,968
Kazakhstan 01A 01A - Short-term lending KZT 1,750,000,000,000 4,244,996,968 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020). KPMG. https://home.kpmg/xx/en/home/insights/2020/04/kazakhstan-government-and-institution-measures-in-response-to-covid.html (accessed 14 May 2020). OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020)

(i) KZT1 trillion in subsidized lending under the “Economy of Simple Things” program; (ii) KZT600 billion to help small and medium-sized enterprises (SMEs) finance their working capital; (iii) 14 May 2020, KZT50 billion in loans to farmers through National Holding Kazagro and KZT100 billion through the “Economy of Common Goods” program.

Kazakhstan 01B 01B - Support policies for short-term lending KZT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020)

10 June 2020: (i) No amount/estimate: Expanded the list of eligible collaterals; (ii) No amount/estimate: Reduced liquidity coverage ratio requirement (from 80% to 60%).

Kazakhstan 01C 01C - Forex operations KZT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020). OECD. https://www.oecd.org/coronavirus/country-policy-tracker/ (accessed 8 July 2020)

(i) No amount/estimate: The National Bank (NBK) allowed the tenge to depreciate by over 15% to almost 450 KZT/USD from 9 March 2020, intervening to mitigate excessive volatility. It also introduced a limit on bid-ask spread and lowered the ceiling of FX purchase without supporting import documents for the duration of the state of emergency. The exchange rate has recovered to around 430 KZT/USD, but remains vulnerable to oil price volatility; (ii) No amount/estimate: 2 July 2020, The President of Kazakhstan has assigned the objective to stabilise the exchange rate to the NBK on 2 July 2020.

Kyrgyz Republic 01 01 - Liquidity Support KGS 39,772,555,468 533,103,811
Kyrgyz Republic 01A 01A - Short-term lending KGS 1,000,000,000 13,403,811 Kabar. http://en.kabar.kg/news/kyrgyz-national-bank-to-allocate-kgs-5.2-billion-to-support-countrys-economy/ (accessed 17 May 2020).

10 May 2020, As part of the Kyrgyz Government’s anti-crisis plan, the National Bank of the Kyrgyz Republic (NBKR, the central bank) will allocate KGS1 billion for floating capital.

Kyrgyz Republic 01B 01B - Support policies for short-term lending KGS International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: April 2020, The National Bank of the Kyrgyz Republic will postpone enactment of several financial regulations until further notice. In addition, it took the following decisions: (i) liquidity ratio is lowered to a minimum of 30% (from the current 45%); (ii) liquidity ratio requirements (7-day and overnight/instant) will be removed; and (iii) minimum threshold level for mandatory reserve requirements is reduced from 80% to 70%.

Kyrgyz Republic 01C 01C - Forex operations KGS 38,772,555,468 519,700,000 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020, 9 July 2020, 16 September 2020, 2 October 2020, 12 October 2020, 6 November 2020, 8 January 2021, 15 January 2021).

As of 7 January 2021, the National Bank of the Kyrgyz Republic already sold USD519.7 million of foreign exchange reserves.

Pakistan 01 01 - Liquidity Support PKR 100,000,000,000 602,653,968
Pakistan 01A 01A - Short-term lending PKR 100,000,000,000 602,653,968 State Bank of Pakistan. http://www.sbp.org.pk/press/2020/Pr-19-Aug-20.pdf (accessed 11 September 2020).

19 August 2020, There is an increase in the limit of refinancing provided to banks under the Exports Finance Scheme by PKR100 billion.

Pakistan 01B 01B - Support policies for short-term lending PKR
Pakistan 01C 01C - Forex operations PKR
Tajikistan 01 01 - Liquidity Support TJS
Tajikistan 01A 01A - Short-term lending TJS
Tajikistan 01B 01B - Support policies for short-term lending TJS NBT. https://nbt.tj/en/news/497210/ (accessed 25 June 2020).

No amount/estimate: 8 April 2020, The National Bank of Tajikistan (NBT) lowered the reserve requirement for local currency and foreign exchange deposits to boost liquidity in the system of up to 2 percentage points, from 3% to 1%, and 4 percentage points, from 9% to 5%, respectively, by 31 December 2020.

Tajikistan 01C 01C - Forex operations TJS NBT. https://nbt.tj/en/news/497075/ (accessed 27 June 2020); NBT. https://nbt.tj/tj/news/506361/ (accessed 6 November 2020).

No amount/estimate: (i) 7 April 2020, The NBT, in order to reduce exchange rate pressures, exposure to existing currency risks and ensure compliance with the 2% difference between the official rate and the selling rate of the cash US dollar, as well as prevent the difference in the unofficial market, carries out a one-time correction of the official exchange rate of the US dollar at 5%; (ii) 4 November 2020, The NBT, in order to ensure compliance with the exchange rate difference of up to 2% between the official exchange rate and the selling rate of the US dollar and eliminate the gap in the non-bank market, adjustment, set the official exchange rate for the US dollar at TJS11.30.

Turkmenistan 01 01 - Liquidity Support TMT
Turkmenistan 01A 01A - Short-term lending TMT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 September 2020).

No amount/estimate: The Government has announced that they would provide concessional loans to businesses affected by the COVID containment measures.

Turkmenistan 01B 01B - Support policies for short-term lending TMT
Turkmenistan 01C 01C - Forex operations TMT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

No amount/estimate: Exchange restrictions on current international payments and transactions for private businesses reportedly have been tightened.

Uzbekistan 01 01 - Liquidity Support UZS
Uzbekistan 01A 01A - Short-term lending UZS
Uzbekistan 01B 01B - Support policies for short-term lending UZS
Uzbekistan 01C 01C - Forex operations UZS