The market rate of Kazakhstan’s national currency reached 382.74 tenge against the US dollar, decreasing from 377.46 tenge by 1.4 percent for the week during the trades on Feb. 1, Trend reports referring to the National Bank of Kazakhstan on Feb. 4.
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Kazakhstan’s National Bank proposed to diversify assets of the National Fund by purchasing corporate and government bonds of developing countries, the bank’s Chairman Daniyar Akishev said in an online conference on September 20.
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The share of interventions of the National bank of Kazakhstan into the country’s foreign exchange market has decreased by 29.1 percent in May, 2016.
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The National Bank of Kazakhstan has spent $1.714 billion on currency interventions to maintain the exchange rate of the national currency – tenge, according to the bank’s data.
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Kazakhstan’s agrarian sector has become the most dynamic one on the country’s credit market thanks to the state support, Ranking.kz. analytical service said.
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Kazakhstan’s National Bank has developed in cooperation with the government an action plan to reduce the level of dollarization of the Kazakh economy in 2015-2016.
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