Kazakhstan central bank will buy all domestically produced gold

Submitted by cpowell on Tue, 2011-08-23 17:51. Section: Daily Dispatches

From Dow Jones Newswires
via NASDAQ.com
Tuesday, August 23, 2011

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=20110823...

ALMATY, Kazakhstan -- The National Bank of Kazakhstan said today it will exercise its right to buy all locally produced gold to replenish its reserves, a move expected to reduce the mineral-rich Central Asian country's gold exports.