According to kapital.kz, the National Bank of Kazakhstan postponed its September mirroring operations with the National Fund worth $200–300 million due to an excess supply of foreign currency in the market.
The National Bank planned to start mirroring in September, but temporarily held off. Future operations will depend on market conditions, the regulator’s press service said. As part of gold purchase mirroring operations, around 374 billion tenge was sterilized in September. For the fourth quarter of 2026, foreign currency sales are planned in an equivalent of about 907 billion tenge.
In September, the tenge appreciated by 4.6% to 440.49 tenge per dollar. Average daily trading volume on the Kazakhstan Stock Exchange increased from $415 million to $474 million.