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Kazakhstan, Russia central banks sign information-sharing pact

The Kazakhstan central bank said it signed agreements with Russia's central bank to exchange information related to the supervision of financial markets and to collaborate to ensure information security.

The deals were signed June 7.

The first agreement's goal is to increase reliability and sustainability of the two countries' financial markets through boosting transparency, capacity and liquidity. This will help them supply customers with high-quality services efficiently.

The second agreement's objective is to help the two countries' financial regulators fight modern cyber threats in an effective way.