ALMATY (EDB press service) — 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 enabled Kazakh investors to attract Russian rubles, dollars and euros from the Moscow Stock 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.