National Bank of Kazakhstan purchased just over 20% of total amount of the auction in the Kazakhstan Stock Exchange in February 2016. Gold reserves of Kazakh National Bank had been increased by almost 3%.
During the Parliament session, Daniar Akishev, Governor of National Bank, the National Bank minimized the participation in the foreign exchange market and during the whole February practically didn't participate in foreign exchange auctions.
According to a financial regulator of the country, National Bank has been forced to buy up US currency because of the big offer it in the market. Bank's share in KASE amounted to $474 million (20%) out of $2,4 billion for February.
Mr. Akishev has also noted that gold reserves have increased by 2,8% ($27,7 billion) for February.
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