Kazakhstan’s cenbank to focus on short-term debt securities

ALMATY : Kazakhstan’s Central Financial institution says will cease gross sales of 182-day debt securities, or notes, and restrict the issuance of 91-day ones to 100 billion tenge (US$211 million) to be able to give attention to managing short-term liquidity, it stated on Friday.

Overseas traders held about 75 billion tenge (US$158 million)price of the financial institution’s notes as of March 25, down from nearly twice as a lot every week earlier, in accordance with official knowledge.

(US$1 = 474.3900 tenge)

(Reporting by Olzhas Auyezov; Enhancing by Jon Boyle)