Fitch affirmed Kazakhstan’s rating at ‘BBB’, as outlook remains stable. Meanwhile, Kazakhstan’s central bank said that the country’s lenders have accumulated between 25bln to 35bln rubles in excess cash through May. The bank noted that the Build-up of rubles are caused by the inability to transfer the cash outside the country and also due to the supply increase of rubles from firms to exchange for tenge and FX. The government plans to approve an order that will allow banks to carry a one-time shipment of rubles from 15 July to 31 August to convert them into non-cash form.