Kazakh state sold $561 mln on local forex market in Jan

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 1 (Reuters) - Kazakhstan's central bank sold $228 million in foreign currency from the National Fund on the domestic market in January, while state companies sold $453 million, the bank said on Wednesday. At the same time, the state pension fund bought $120 million on the domestic market last month, the bank said. Foreign currency sales support the exchange rate of the local tenge currency. (Reporting by Mariya Gordeyeva Writing by Olzhas Auyezov Editing by Shri Navaratnam)

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