AT KASE FROM FEBRUARY 1 AS AN EXPERIMENT TRADES IN FOREIGN CURRENCIES WILL BE HELD WITHOUT COMMISSIONS

/IRBIS, Jan.25, 00/ - On January 25 a decision was made at the meeting of the Exchange council committee for the currency market of Kazakhstan stock exchange (KASE), which states that as an experiment, trades in foreign currencies at KASE from February 1 through 29 will be conducted without collecting Exchange's commissions. During this time participants of the trades in foreign currencies will pay to KASE only monthly membership fee at an equivalent of 750 U.S. dollars. For the market-makers of foreign currencies amount of membership fee is 500 U.S. dollars. Membership fees are paid at an official rate of the tenge towards the U.S. dollar, set by the National Bank of Kazakhstan, and effective on the date two business days prior to the beginning of the month for which the fee is paid.