The EDB creates a new instrument for Kazakhstan’s investors to attract rouble liquidity amid the pandemic

30 April 2020

Almaty, 30 April 2020. Since the end of 2019, the Eurasian Development Bank (EDB) and the Moscow Exchange have been working to include the National Bank of the Republic of Kazakhstan’s (NBK) short-term notes in the collateral for repo transactions. This has made it possible for Kazakhstan’s investors to attract Russian roubles, dollars and euros on the Moscow Exchange.

Last week, the Moscow Exchange launched transactions with NBK notes in its inter-dealer repo section and the first transactions involving the EDB were closed.

“In the face of growing economic difficulties provoked by the pandemic of the coronavirus infection, this work supports business activity between our countries. The repo transactions with Kazakhstan’s government securities make it possible for the participants in Kazakhstan’s financial market to attract rouble liquidity,” says Daniyar Imangaliyev, Director of Treasury at the EDB.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

Back to the list

We use cookies to take account of your preferences and improve your experience on our website. We assume that by continuing to use our website you agree with our use of cookies. You can always configure your Internet browser to refuse to have cookies saved by our website.

Yes More