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On the suspension of the rule on mandatory sale of 30% of foreign currency earnings until January 1, 2025

Given the balance of the foreign exchange market and in order to provide companies in quasi-state sector with greater opportunities in managing foreign exchange flows, the Government of the Republic of Kazakhstan suspended the rule on mandatory sale of 30% of foreign exchange earnings. Decision is in effect until January, 1, 2025.

This measure was first implemented by the Government of Kazakhstan in 2020 due to deteriorating external conditions. In February 2023, the requirement for mandatory sales was lowered from 75% to 50%, and as of July 2023, it was further reduced from 50% to 30%.

More detailed information for representatives of mass media is available upon request:
+7 (7172) 77-52-10
e-mail: press@nationalbank.kz
www.nationalbank.kz

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