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Kazakh National Bank minimizes intervention in domestic exchange market

Business Materials 27 July 2016 11:29 (UTC +04:00)
Kazakh National Bank reduced its intervention in the domestic currency exchange market to 0.1 percent in June
Kazakh National Bank minimizes intervention in domestic exchange market

Baku, Azerbaijan, July 27

By Elena Kosolapova - Trend:

Kazakh National Bank reduced its intervention in the domestic currency exchange market to 0.1 percent in June, the bank reported on July 27.

Its interventions reduced to purchases of $2.5 million in the domestic currency market in the reporting period.

National currency tenge against dollar weakened by 0.8 percent in June but strengthened by 0.4 percent since the beginning of 2016.

Tenge rate against Russian ruble weakened by 4.8 percent in Jan. - June 2016. The weakening of tenge against euro hit 4.6 percent since the beginning of 2016.

Edited by SI

Follow the author on Twitter:@E_Kosolapova

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