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US dollar sales down in Kazakhstan

Business Materials 30 January 2017 11:20 (UTC +04:00)
The US dollar sales at exchanges in Kazakhstan have dropped by by 5.7 times in 2016 compared to 2015
US dollar sales down in Kazakhstan

Baku, Azerbaijan, Jan. 30
By Elena Kosolapova – Trend:

The US dollar sales at exchanges in Kazakhstan have dropped by by 5.7 times in 2016 compared to 2015, Kazakh National Bank said in a message.

As much as $1.4 billion in cash were sold in Kazakhstan in Jan. – Dec. 2016. The US Dollar sales during the period were at the lowest level since 2001 when Kazakhstan started to collect the data.

Meanwhile, the net sales of Russian rubles decreased by 2 times in 2016 compared to 2015 and amounted to 88.1 billion rubles in cash.

The net sales of US dollars and Russian rubles (in tenge equivalent) almost equaled in 2016. Meanwhile in 2015 US dollar sales were 2.7 times higher than the Russian rubles sales.

The exchanges also sold 373 million euros in cash in 2016, a 40 percent decrease compared to 2015.

Follow the author on Twitter: @E_Kosolapova

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