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2026-11-02 18:56:28
[The Central Bank of Kazakhstan Conducts Supporting Foreign Exchange Operations to Allocate Foreign Exchange Assets for the National Pension Fund] ⑴ The Central Bank of Kazakhstan disclosed that it purchased $542 million in foreign exchange for the country's National Pension Fund in October. ⑵ The bank sold 287 billion tenge in foreign exchange in October, corresponding to its gold purchase arrangements during the same period. It plans to sell another 287 billion tenge in November. ⑶ Market opinion: This type of hedging foreign exchange injection helps stabilize the tenge exchange rate and reduces the volatility pressure on the local currency caused by increased gold holdings.
