Kazakhstan's National Bank to sell $200-300 mln from National Fund in JulyThe National Bank of Kazakhstan expects to sell $200 million to $300 million in foreign currency from the National Fund in June on the Kazakhstan Stock Exchange (KASE), the regulator said on Wednesday.The tenge strengthened 1.3% in June to 479.98 per $1. Average daily trading volume on the KASE fell to $369 million from $392 million a month earlier, with total volume reaching $8.1 billion.The National Bank conducted no currency interventions in June.Currency sales from the National Fund on the exchange market totaled $200 million in June, accounting for 2.6% of total trading volume, or about $9 million per day.Starting in June 2026, transfers to the Finance Ministry are allocated based on actual budget needs, taking into account uneven revenue and expenditure flows, the National Bank said.Under the mirroring mechanism for National Fund operations, the regulator purchased $460 million from the fund in June, to be sold evenly on the domestic currency market through the end of 2026.In June, about 354 billion tenge was sterilized through mirroring operations. In the third quarter of 2026, the National Bank plans to sell foreign currency equivalent to about 1.1 trillion tenge.The mandatory sales of foreign currency proceeds by quasi-state entities totaled about $423 million in June.To maintain the currency share of pension assets at the Unified Accumulative Pension Fund, the National Bank purchased $92 million on the exchange in June, or about 1.2% of total trading volume. Future purchases will depend on market conditions. According to the existing regulatory requirements, the share of foreign currency in the UAPF’s portfolio of asses should be above 40%. (ICE ALMATY)

Fonte notizia: INTERFAX