ALMATY, Jan. 14 (Xinhua) -- The National Bank of Kazakhstan has proposed to limit the deviation in the exchange rates of foreign currencies bought and sold by exchange offices, the country's financial regulator said Tuesday in a press release.

The bank has developed a draft resolution to cap the spread between the exchange rates of foreign currencies purchased and sold by the exchange offices at seven tenge for the U.S. dollar and at 10 tenge for the Euro, according to the statement.

The proposed limitation will not apply to non-cash exchange transactions and is expected to come into force in February this year.

This measure aims "to reduce speculations on the foreign exchange market and to minimize risks for the financial market participants," the bank said. Enditem

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