National Bank Sells $400 Million as Oil Prices Lift Tenge

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – In March, the National Bank of Kazakhstan sold $400 million from the National Fund to support transfers to the national budget, while the tenge strengthened to 478 per dollar. According to the bank, further exchange rate dynamics will depend on external factors and global market conditions. These transactions accounted for around 6% of… The post National Bank Sells $400 Million as Oil Prices Lift Tenge appeared first on The Astana Times.