Kazakhstan’s tenge gains strength amid US-China trade truce, says ING
Photo: Official website of ING GROUP
As of May 13, 2025, Kazakhstan's tenge has strengthened, decreasing from 520-525 per dollar in mid-April to 510-515. This aligns with forecasts, but the final phase of appreciation was triggered by unexpected positive trade talks between the U.S. and China. Kazakhstan's National Bank expects foreign currency sales by the sovereign fund and central bank to total $1.3 billion in May, matching April's levels.
Access to paid information is limited
If You already have a account, please log in
Subscription to paid content
Gain access to all that Trend has to offer, as well as to premium, licensed content via subscription or direct purchase through a credit card.
