24 марта 2015 02:40

Kazakh banks may benefit from tenge devaluation: experts

©Tengrinews

Devaluation of the tenge, Kazakhstan's national currency, may be beneficial to banks, Sergei Kozlovsky from Grand Capital shared with Tengrinews.

The head of the Analysis Department of the Russian financial firm said that banks would benefit because it could help remove excess currency from circulation since customers would buy more foreign currency. According to the expert, the only question was how to make it as painless as possible: to conduct a devaluation policy throughout the year, gradually weakening the tenge, or to effect it in one step. But n both cases the inflow of tenge to the banks will increase.

Tenge Central Asia CIS devaluation exchange rate finance Kazakh Kazakhstan money news bank

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