zakonkz.com

In January, Kazakhstan's National Bank sold $850 million in foreign currency.

In January, $850 million was sold from the National Fund, as reported by the National Bank. This information comes from Bizmedia.kz.
In January, Kazakhstan's National Bank sold $850 million in foreign currency.
https://bizmedia.kz/2025-02-03-naczbank-kazahstana-v-yanvare-prodal-valyuty-na-850-millionov-dollarov/2025-02-03 10:54:18

The funds were allocated not only for budget transfers but also for the construction of the Taldykorgan-Usharal gas pipeline.

In February, authorities may sell an additional 550–650 million dollars. Meanwhile, the National Bank did not purchase dollars for the pension fund in January and does not plan to do so in February.

Furthermore, as part of the mirroring mechanism, 244 billion tenge were withdrawn from the economy last month. In February, it is planned to sell currency worth approximately 250 billion tenge for the same purposes.