Kazakh National Bank sells $200 mln from National Fund in SeptKazakhstan's National Bank sold $200 million from the National Fund on the exchange market in September 2026, the regulator's press service said."Currency sales from the National Fund on the exchange market totaled $200 million in September. The National Fund's share of sales was 1.9% of total trading volume, or about $9.1 million per day," the statement said Thursday.The tenge strengthened 4.6% in September to 440.49 per $1. Average daily trading volume on the Kazakhstan Stock Exchange (KASE) rose from $415 million to $474 million over the month, with total volume reaching $10.4 billion.As part of mirroring operations related to gold purchases, about 374 billion tenge was sterilized in September. In the fourth quarter of 2026, the National Bank plans to sell foreign currency equivalent to about 907 billion tenge to mirror gold purchases.The National Bank conducted no currency interventions in September.The National Bank had planned to begin mirroring National Fund operations in a projected volume of $200-300 million in September."However, due to excess supply on the currency market, these operations were postponed. Their further implementation will depend on market conditions, keeping the exchange rate in line with fundamental factors and preventing sharp speculative swings in the tenge," the regulator said.To maintain the currency share of pension assets as investment manager of the Unified Accumulative Pension Fund (UAPF), the National Bank purchased $986 million in foreign currency on the exchange in September, or about 9.4% of total trading volume. Further decisions will be made based on market conditions within its pension asset management mandate, the National Bank said.Since June 2026, transfers to the Finance Ministry from the National Fund have been allocated based on the national budget's actual needs, taking into account uneven budget revenues and expenditures throughout the year.To mirror budget operations with the National Fund, the National Bank sells in equal installments the foreign currency it previously purchased from the fund, aiming to prevent sharp exchange rate fluctuations.To that end, the National Bank purchased $460 million from the National Fund in June, which is to be sold evenly on the domestic currency market through the end of 2026. (ICE ALMATY)

Fonte notizia: INTERFAX