ASTANA, Kazakhstan, April 1. Kazakhstan's tenge exchange rate strengthened by 0.9 percent to 446.77 tenge per $1 in March 2024, Trend reports, citing the National Bank of Kazakhstan.
Sales of foreign currency to ensure transfers from the National Fund to channel funds to the republican budget amounted to $748 million in March 2024.
The share of sales from the National Fund amounted to 19 percent of the total trading volume and no more than $44 million per day.
In order to maintain the foreign exchange share of pension assets of the Unified Accumulative Pension Fund (UAPF) at the level of 30 percent, the National Bank in October continued to purchase foreign currency at exchange trading, the total amount of which amounted to $500 million, or about 13 percent of the total market volume.
The National Bank did not conduct foreign exchange interventions in March.
