News

January 09, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period from 03 to 06.01.2017


1. Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange in the amount of  EUR 285.3 million (equivalent to USD 318.8 million) especially for the following operations:

EUR 89.5 million in a price auction coverage of operations related to the Oil Sector;
EUR 34.7 million for coverage of operations related to several Goods;
EUR 28.6 million for coverage of operations related to General Needs of Banks;
EUR 27.1 million for coverage of operations related to the Agriculture Sector;
EUR 26.7 million for coverage of operations related to the Telecommunications Sector;
EUR 17.9 million for coverage of operations related to travels, family support, health and education;
EUR 17.9 million for coverage of operations related to expatriates salaries;
EUR 17.9 million for coverage of operations related to credit cards;
EUR 9.0 million for coverage of operations related to the Transport Sector (Parts and Accessories);
EUR 7.2 million for coverage of operations related to the Insurance sector;
EUR 4.5 million for coverage of operations related to the currency exchange bureau;
EUR 4.5 million for coverage of transactions related to remittance operators;


The average exchange rate of sale reference of the US Dollar of the primary foreign exchange market, determined at the end of the week was USD = Kz 166.279.

The average reference exchange rate for the sale of the EURO in the primary foreign exchange market, determined at the end of the week was EUR = Kz 186.283.

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2. Tax Transactions

In the period under review, were not performed operations related to the issuance of public debt in the primary market and in the direct sale segment of public securities, since the legal conditions for this purpose were not yet designated by the Ministry of Finance, based on the assumption of the OGE / 2017.


3. Monetary Transactions

For the purposes of monetary regulation, the BNA carried out open market operations (OMA) in the amount of KZ 21.9 billion, in the maturities of 28 and 63 days, at average interest rates of 11.00% and 13.00% per year, respectively.


4. Interbank Money Market

In the interbank market, commercial banks held with each other liquidity-providing operations without securities guarantee in the amount of Kz 38.7 billion in overnight maturities of 5 and 29 days, at average interest rates between 17.00% py and 23.46% py.


5. LUIBOR

The overnight (LUIBOR 1 day), determined in the last day of the week, based in the liquidity providing above, it stood at 23.47% py, with variation of 0.12pp, compared to the previous week.


The LUIBOR for the maturities of 30, 90, 180, 270 and 360 days stood at 18.06% py, 18.75% py, 18.98% py, 20.11% py and 20.63% py, with variation of 0.46pp to 0.68pp in all the maturities, compared to the previous week.

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