News Formal

Kazakh cenbank sold $662 million on domestic market last week

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia's IGO sees delay in $800 million Western Areas takeover amid nickel market volatilityAustralian nickel and lithium miner IGO Ltd said on Monday its A$1.10 billion ($799.7 million) takeover of Western Areas would be delayed due to the recent volatility in nickel prices after Russia's invasion of Ukraine.Shares of IGO slid as much as 7.5per cent after the company said it would now close the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »