Here’s the Latest Bet From the Central Bank That Outsmarted Soros
The Bayterek tower monument, center, stands flanked by skyscrapers in Astana, Kazakhstan.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Kazakhstan’s central bank, which exited its investment in the pound before Britain’s surprise vote to leave the European Union a year ago, is growing more upbeat about the U.K. currency while taking a dimmer view of the euro and the yen.
Governor Daniyar Akishev said in an interview that the National Bank of Kazakhstan has cut the allocation in its $30.4 billion stockpile for the currencies of Japan and the euro area in favor of the dollar. No decision has been made about the pound, but Akishev said his personal view is that it has “significant potential for growth in the future.”