ALMATY (Reuters) – Kazakhstan’s central bank and state companies sold a total of $1.283 billion in foreign currency in the domestic market last month, the bank said on Wednesday.
The bank said it sold $696 million to facilitate a transfer from the National Fund to the state budget, while state-controlled companies sold $346.5 million.
The regulator also sold $239.8 million from its own reserves on Jan. 12-13 to support the local tenge currency when trading resumed after violent unrest in the oil-rich Central Asian nation.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Kazakh state sells $1.3 billion worth of foreign currency in domestic