The national Bank of Kazakhstan in November, bought on the market $577 million


The purchase of foreign currency in November was attributable to a tax period, said the Minister Daniyar Akishev. In August, the national Bank and the government of Kazakhstan announced about the refusal of a currency corridor and leave the national currency to float freely.

ALMATY, 22 Dec. Michael Egorin. In 2014, the volume of currency interventions of the national Bank on the domestic market amounted to $ 22 billion in 10 months in 2015 is $ 17.4 billion, whereas in November the Central Bank gave the buyer the currency in the amount of 577 million dollars, reported the Minister Daniyar Akishev.

“In November, the national Bank bought on the market for 577 million dollars,” said Akishev.

He explained that the purchase of foreign currency in November was attributable to the tax period. “We performed the task of replenishment of gold and currency reserves”, — said Akishev.

The fifth of November, the national Bank announced the reduction of its presence on the currency market for the sake of preserving foreign exchange reserves.

In August, the national Bank and the government of Kazakhstan announced about the refusal of a currency corridor and leave the national currency to float freely, after which the rate of tenge to the dollar has now fallen by more than 85%.