According to a statement on the official website of the Central Bank of Kazakhstan, the bank plans to sell foreign exchange on a scale of about 907 billion tenge in the fourth quarter based on mirroring operations in support of capital purchases. Due to oversupply of foreign exchange in the market, the central bank postponed the mirror operation originally scheduled for September. The statement removed the monthly guidelines previously given for image foreign exchange sales. The implementation of subsequent operations will depend on market conditions. The central bank strives to match the exchange rate with fundamental factors and avoid sharp speculative fluctuations in the tenge.

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