Kazakh exchange offices sell less US dollars

Finance Materials 5 December 2018 10:11 (UTC +04:00)

Baku, Azerbaijan, Dec. 5

By Rashid Shirinov – Trend:

Net sales of US dollars (sale of currency minus purchase) by exchange offices of Kazakhstan in October 2018 amounted to 120.8 billion tenge, Ranking.kz reported.

This is 39.5 percent less than in September 2018. Thus, there is a reduction in net sales of dollars for the second month in a row.

Meanwhile, net sales of US dollars by exchange offices were positive in all regions of Kazakhstan except for Turkistan region: -560.3 million tenge.

Traditionally, Almaty is the leader in terms of sales (49.7 billion tenge), followed by Shymkent (20.4 billion tenge), and Astana (14.3 billion tenge). Net sales of dollars in Almaty in October decreased by 25.6 percent compared to September, in Shymkent by 19.2 percent, and in Astana by 60 percent.

The official exchange rate of the US dollar in October averaged 367.2 tenge, which is only 0.1 tenge lower than in September, but 8.9 percent higher than in October 2017.

(371.14 KZT = 1 USD on Dec. 5)


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