In March, the National Bank of Kazakhstan carried out foreign exchange interventions worth $990.5 million, Kazpravda.kz correspondent reports.
“Global financial markets were subject to high volatility in March amid the ongoing aggravation of the geopolitical situation. In order to prevent the transfer of external shocks to the country's economy and to maintain balance in the domestic foreign exchange market, in the first half of March, the National Bank carried out foreign exchange interventions. According to the results of the month, their volume amounted to $990.5 million, or 29% of the total volume of exchange trading,” the National Bank said in a statement.
It is also reported that the sale of foreign currency to ensure transfers from the National Fund to the republican budget in March amounted to 890.9 million dollars. The share of foreign exchange interventions of the National Bank and sales from the National Fund amounted to 55% of the total trading volume.
At the same time, it is noted that the National Bank did not carry out transactions for the purchase or sale of foreign currency for pension assets of the UAPF and other funds held in trust.
