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

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© 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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