Kazakh state sells $1.3 billion value of overseas forex in home market in Jan By Reuters


© Reuters.

ALMATY (Reuters) – Kazakhstan’s central financial institution and state corporations bought a complete of $1.283 billion in overseas forex within the home market final month, the financial institution mentioned on Wednesday.

The financial institution mentioned it bought $696 million to facilitate a switch from the Nationwide Fund to the state price range, whereas state-controlled corporations bought $346.5 million.

The regulator additionally bought $239.8 million from its personal reserves on Jan. 12-13 to assist the native tenge forex when buying and selling resumed after violent unrest within the oil-rich Central Asian nation.



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Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding types potential.


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