Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 331.87
EUR / KZT - 353.31
CNY / KZT - 48.25
RUB / KZT - 5.56

No reason for the tenge’s steep appreciation

31 march 2011, 18:21
0
Gregory Marchenko. By Vladimir Dmitriev ©
Gregory Marchenko. By Vladimir Dmitriev ©
In 2011 the national currency, tenge, will not appreciate more than to KZT 140 per US $ 1, KazTAG reports.

“There are no grounds for the tenge to steeply appreciate. The tenge exchange rate will find its comfort zone; and we are likely to have already reached it”, National Bank Chairman Gregory Marchenko said.

In 2011 the tenge has strengthened against the US Dollar 1.1%. To curb strengthening of the national currency, the National Bank purchased $ 1.8 billion in January, $ 2.7 billion in February and about $ 1 billion in March. According to Mr. Marchenko, in April the National Bank plans to adopt a new strategy of forming its gold-and-currency reserves, and the US Dollar is likely to have a smaller share in the reserves.

The National Bank of Kazakhstan returned to a “managed” free float of the tenge by abolishing the tenge’s trading corridor on Feb. 28. The currency is traded at 145.6 today.

Нравится
Add comment
Most Read
Most Discussed
Today
Week
Month