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Kazakh cenbank sold $662 million on domestic market last week

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Kazakhstan's central bank said on Monday it sold foreign currency worth $421.9 million from its own reserves on the domestic market last week, as well as $240.2 million from the rainy-day National Fund.The local tenge has come under pressure since Russia, Kazakhstan's neighbour and major trade partner, in

Kazakhstan's central bank said on Monday it sold foreign currency worth $421.9 million from its own reserves on the domestic market last week, as well as $240.2 million from the rainy-day National Fund.

The local tenge has come under pressure since Russia, Kazakhstan's neighbour and major trade partner, invaded Ukraine on Feb.24.

 

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