site.news_by_theme exchange rate
The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.
Financial experts have shared their opinions about the possibility of devaluation of the Tenge, Kazakh national currency.
The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.
Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.
The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.
Venezuela said Wednesday it would allow only importers of high priority goods like food to buy dollars at the official rate, forcing others to pay nearly twice that.
According to him, “for the recent year the nation’s exports potential has grown 40%”.
Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.