Baku, Azerbaijan, June 23
By Elena Kosolapova – Trend:
The Kazakh National Bank’s share in Kazakhstan’s currency market decreased to 29.1 percent in May, the bank said in a message June 23.
According to the message, the bank’s currency interventions in May through the purchase of foreign currency in the domestic market totalled $728.3 million, as compared to $830.9 million in April.
The National Bank said the population is still selling cash dollars in the currency market through the money exchange offices. The population sold $183.8 million in May 2016.
According to the National Bank, the exchange rate of Kazakh tenge (KZT) against the US dollar (USD) was 335.84 KZT/USD in late May 2016, decreasing 2.5 percent over a month, but increasing 1.2 percent since early 2016.
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