News

February 13, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period from 06 to 10.02.2017

1. Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange in the amount of  EUR 142.6 million (equivalent to USD 159.3 million) especially for the following operations:


  • EUR 26.9 million for coverage of operations related to food;
  • EUR 26.8 million for coverage of operations related to the Industry 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 credit cards;
  • EUR 14.3 million for coverage of operations related to the Oil Sector Needs; 
  • EUR 10.9 million for coverage of operations of several companies;
  • EUR 8.8 million for coverage of operations related to the needs of State’s Subsidiary Bodies;
  • EUR 7.2 million for coverage of operations related to the currency exchange bureau;
  • EUR 6.3 million for coverage of operations related to credit cards;
  • EUR 5.4 million for coverage of transactions related to remittance operators; 
  • EUR 115.7 thousand for coverage of operations related to the Telecommunications Sector;
  • EUR 65.9 thousand for coverage of operations related to the Health Sector;
  • EUR 68.4 thousand for coverage of operations related to the Education Sector.

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 166.732.

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 186.286.

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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 75.1 billion in the maturities of 7, 14, 28 and 63 days, at average interest rates of 7.50%, 9, 00%, 11.00% and 13.00% py, respectively.

4. Interbank Money Market
In the interbank market, the commercial banks held with each other liquidity-providing operations without securities guarantee in the amount of Kz 33.6 billion in overnight maturities of 5 days, at average interest rates of 19.17% py and 23.70% 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 23.67% py, without variation compared to the previous week.

The LUIBOR for maturities of 30, 90, 180, 270 and 360 days stood at 19.25% py, 20.85% py, 21.08% py, 22.13% py and 22.70% py, with variation of 0.08pp and 0.58pp in all the maturities, 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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