THE EXCHANGE RATE AND ITS IMPACT ON ECONOMIC GROWTH

Kyrgyzstan has a multi-currency system, which is largely dependent on market exchange rates. Such dependence on foreign currency has certain negative impact on the standard of living of the population. This article considers impact of the exchange rate to the economy of country and determines the factors that influence exchange rate. It also includes analysis of exchange rate influence to the economic growth, export and import by using econometric method