Kazakhstan opts for floating exchange rate for its currencyThe National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.
Central bank cleans the house in Kazakhstan’s banking sectorKazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.