05 апреля 2016 16:09

Saxo Bank makes Kazakh tenge and oil forecasts

©RIA Novosti

Since the Kazakh central bank floated the Central Asian country’s currency – the tenge – on August 20, 2015 to reduce pressure on its forex reserves, the tenge took a dive from around 185 tenge per 1 US dollar to around 350 tenge per 1 US dollar, thus becoming nearly two times cheaper against dollar in a little over 6 months time.

Tenge currency devaluation dollar finance Kazakh Kazakhstan National Bank news bank

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