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Tengrinews.kz – The National Bank of Kazakhstan has issued an informational statement regarding the foreign exchange market, which also includes data on the current tenge exchange rate, according to the bank’s press service.
Specifically, it was reported that by the end of April, the tenge weakened by 1.6%, reaching 512.48 tenge per U.S. dollar. The average daily trading volume on the Kazakhstan Stock Exchange rose from $243 million to $246 million over the month, with a total trading volume of $5.4 billion.
The National Bank did not conduct any foreign exchange interventions in April.
“In the short term, the dynamics of the tenge will depend on market participants’ expectations, quarterly tax payments, the global market situation, and changes in the geopolitical environment. The National Bank will continue to adhere to a flexible exchange rate policy, which prevents the accumulation of imbalances and ensures the preservation of gold and foreign currency reserves,” the bank stated.
Earlier, the National Bank initiated amendments aimed at regulating the display of currency exchange rate boards. In response to an official request from Tengrinews.kz, the bank explained that street currency boards are no longer necessary, as all relevant information on exchange operations is now available online.
More details can be found in the article: Currency rate boards to disappear in Kazakhstan: National Bank explains the decision
