Thursday, 19 March 2020 10:08

National Bank of Kazakhstan to hold currency intervention

Under these conditions, in order to limit the destabilizing influence of external factors on the domestic foreign exchange market and in order to help ensure the financial stability of the Republic of Kazakhstan, the national Bank together with Kazakhstan stock exchange JSC decided to conduct trading on the tenge-dollar currency pair on March 19 and 20, 2020 in the form of the Frankfurt auction. The decision to hold the trading in the form of a Frankfurt auction will make it possible to satisfy existing customer requests and prevent destabilization of the situation on the currency market, the National Bank and KASE said.

 

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