ASTANA, Kazakhstan, June 2. Kazakhstan’s
National Bank reveals the volume of currency sales from the
National Fund in May 2025, Trend reports.
According to the information, the National Bank of Kazakhstan sold
$988 million from the National Fund in May 2025.
“The share of sales from the National Fund amounted to 22 percent
of the total trading volume, or about $52 million per day,” the
National Regulator said.
According to preliminary forecast requests from the government
for transfers to the republican budget in June, the National Bank
expects to sell currency from the National Fund in the amount of
$700 million to $800 million.
As for the tenge exchange rate, it strengthened by 0.3 percent in
May, reaching 510.82 tenge per dollar.
“The average daily trading volume on the Kazakhstan Stock Exchange
decreased from $246 to $238 million over the month. The total
trading volume amounted to $4.5 billion,” noted the National
Bank.
No foreign exchange interventions were conducted by the National
Bank in May.
Expected currency sales from the National Fund in June will help cover budget expenditures, but given the continued high dependence on transfers, there could be pressure on the currency market and on the tenge exchange rate if external conditions worsen.
