Baku, Azerbaijan, Feb.18,
By Elena Kosolapova - Trend:
Kazakhstan's national currency tenge gradually pares losses.
The exchange rate rose to 352.08 tenges against one US dollar during the morning trading session at Kazakhstan Stock Exchange (KASE) on Feb.18, compared to 360.6 tenges on Feb.17, said the KASE website.
This is while the exchange rate of Kazakhstan's national currency rose to 349.96 tenges against one US dollar in day trading on Feb.18, compared to 358.12 tenges on Feb.17.
The exchange rate of tenge began to decline after the country's National Bank switched to a floating rate in August. As a result, the exchange rate of tenge against dollar halved in six months. The minimum exchange rate of tenge against dollar was recorded on Jan. 22 (383.91 KZT/ USD).
Edited by SI
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