EFTA Document EFTA01379408

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The National Bank of Kazakhstan regulates exchange rate policy and is responsible for implementing monetary policy (http://www.nationalbank.kz). • The official USD/KZT rate is determined on the basis of foreign exchange auctions (for USD, EUR and RUB) that are held daily. KZT trades both OTC and on the stock exchange (KASE). Onshore KIT pi oducts FX spot Avg. ticket size: USD 5mn B