On Aug. 21, KAZ CB suspended mandatory sale of forex income.
KAZ CB suspended norm on mandatory sale of 30% of foreign exchange earnings, to expand opportunities for companies in the quasi-state sector in managing forex flows.
KAZ GVT first applied this measure in 2020 due to deterioration of external conditions.
In Feb. 2023, the sales rate was reduced from 75% to 50%, then to 30% in Jul. 2023.
Effectiveness
This decision will be in force until Jan. 1, 2025.
