On 30 November, the Finance Ministry and the National Bank of Kazakhstan made an attempt to conduct the 92^nd auction of 6-month T-bills. They planned to place a volume of KZT 300m (USD 3.62m). However, on receiving the bids, the issuer cancelled the auction.

The Finance Ministry was much more successful the next day. On 1 December it placed the shortest papers, 3-month T-bills. The raised volume, KZT 783.4 (USD 9.45m) exceeded the planned volume for both auctions last week—KZT 700m. Note, however, that the compound yield on 3-month papers is approaching the National Bank's refinancing rate, 25%, a limit which the issuer is unlikely to pass. Since the 200^th issue of 3-month T-bills was cancelled, the Finance Ministry did not need to make any repayments last week.