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Kazakh national bank’s interventions decrease on domestic currency market

Business Materials 13 July 2016 15:12 (UTC +04:00)
The Kazakh National Bank’s interventions reduced to a minimum on the domestic currency market in June, said a message posted on the bank’s website.
Kazakh national bank’s interventions decrease on domestic currency market

Baku, Azerbaijan, July 13

By Elena Kosolapova – Trend:

The Kazakh National Bank’s interventions reduced to a minimum on the domestic currency market in June, said a message posted on the bank’s website.

According to the message, the interventions were carried out in the form of the currency purchase at a rate of only $2.5 million in the reporting period.

The bank’s interventions on the domestic currency market in the form of the currency purchase have been conducted since February, the message said.

According to the bank, some $728.2 million were bought on the domestic currency market in May, $830.9 million in April, $1.236 billion in March and $474.4 million in February.

The bank carried out the interventions in the form of currency sale on the domestic currency market in January and earlier.

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