Up to $500 million from Kazakhstan’s National Fund sold in December

From $400 to $500 million from the National Fund (NF) will be sold on the foreign exchange market in December. According to the National Bank (NBK), these funds will be used for transfers to the national budget at the government's request.

Meanwhile, foreign currency sales from the NF in November amounted to $600 million. Its share was 10.7% of the total trading volume, or...