National Bank of Kazakhstan to suspend operation of exchange offices

The National Bank of Kazakhstan has announced that the operation of exchange offices in the country has been suspended for safety reasons.

"The operation of exchange offices of second-tier banks and authorized organizations <...> will be temporarily suspended for safety of exchange offices, as well as their staff and clients," the regulator said in a statement posted on its website on Sunday.

The measures on resuming trading at the foreign currency exchange of Kazakhstan Stock Exchange and conducting international payments and transfers will be taken as the situation in the city of Almaty and other regions stabilizes, as well as communication channels recover, the National Bank said. The work of the banking system will be resumed gradually, relying on the order of priority and social importance of banking services for the population and business, according to the statement.

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