Baku, Azerbaijan, Nov. 23
By Nigar Guliyeva – Trend:
The National Bank of Kazakhstan made interventions in the currency exchange market in October, only in the beginning of the month, when the supply of foreign currency was minimal, said the bank's chairman, Daniyar Akishev.
He made the remarks at a press conference, speaking with reporters.
Akishev said that the rest of the time the exchange rate was formed without the participation of the National Bank.
As a result, the share of interventions in the total trading volume amounted to only 11 percent or $379.8 million, he said.
"After the period of fluctuations in the exchange rate of tenge from August to early October, in the second half of October, the foreign exchange market stabilized. In October, the tenge strengthened by 1.9 percent against the US dollar, and for 21 days in November - by 1.3 percent," Akishev said.
The total volume of operations on the KZT/USD in October 2017 was $ 14.5 billion, including on the exchange - $ 3.6 billion, in the interbank market - $ 10.9 billion.