Press Releases

February 06, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period 30.01 to 03.02.2017

1. Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange to the market in the amount of EUR 326.1 million (equivalent to USD 364.7 million) for the following operations:

EUR 178.0 million for coverage of operations related to Food;
EUR 54.9 million for coverage of operations related to the State´s Subsidiary Bodies;
EUR 46.3 million for coverage of operations of Several Companies;
EUR 44.8 million for coverage of Foreign Exchange Replacement;
EUR 2.5 million for coverage of operations related to the Needs of the Telecommunications Sector.

The average exchange rate 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 exchange rate of sale reference of the EURO of the primary foreign exchange market, calculated at the end of the week was EUR = Kz 18.286.
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2. Tax Transactions

In the period under review, there were no 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 has carried out open market operations (OMA) in the amount of Kz 40.3 billion, being:

Kz 32.2 billion in the maturity of 7 days, at the average interest rate of 7.50%;
• Kz 7.6 billion in the maturity of 14 days, at the average interest rate of 9.00%;
• Kz 500 million in the maturity of 28 days, at the average interest rate of 11.00%.

4. Interbank Money Market

In the interbank market, the commercial banks held with each other liquidity-providing operations without securities guarantee, in the cumulative amount of Kz 48.5 billion in overnight maturities of 2 days, at average interest rates between 19.06% py and 23,70% py.

5. LUIBOR

The overnight LUIBOR (1 day), determined in the last day of the week, based on the liquidity providing above, it stood at 23.67%py, with variation of 0.01pp compared to the previous week.

The LUIBOR for the maturities of 30, 90, 180, 270 and 360 days stood at 19.17%py, 20.27%py, 20.51%py, 21.55%py and 22.12% with variation of 0.27pp and 0.58pp in all the maturities, compared to the previous week.


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