Kazakhstan’s central bank announced a reduction in planned FX sales from the National Oil Fund for regular budget transfers to USD 600-700 mln in February, down from USD 1.05 bln in January. Conversely, planned FX purchases for the State Pension Fund will increase to USD 400-500 mln from 200 mln in January. Consequently, net FX sales are expected to decrease from USD 830 mln in January to approximately 200-300 mln in February.