The rate of the Kazakh tenge has fallen, updating the historical minimum

The rate of the Kazakh tenge has fallen, updating the historical minimum


The average weighted rate of KZT on Monday amounted to 322,47 tenge per $1. In August, the national Bank and the government announced the abandonment of the currency corridor and the vacation of the national currency to float freely.

ALMA-ATA, 14 Dec. Michael Egorin. The weighted average rate of tenge at the morning session on the Kazakhstan stock exchange (KASE) on Monday 322,47 amounted to KZT per $1, which is 10,55 tenge less than in the morning session on Friday, according to the stock exchange.

Thus, the rate of Kazakhstan national currency has updated the historical minimum, recorded on November 9, when the exchange rate was KZT 312,65 per dollar.

Trading volume on Monday on the US dollar amounted to 166.1 million dollars, whereas on Friday it was 138,2 million..

In August, the national Bank and the government announced the abandonment of the currency corridor and the vacation of the national currency to float freely, after which the rate of tenge to the dollar has now fallen by more than 65%.