Baku, Azerbaijan, Sept. 14
By Elena Kosolapova – Trend:
Kazakhstan’s population is expecting an increase in the rate of the national currency, tenge, according to a survey held in August, said Kazakh National Bank Sep. 14.
The survey was conducted by GfK Kazakhstan among 1,500 adult residents of the country living in the regional centers.
As much as 56.9 present of the interviewed people said they expect an increase in the tenge rate against the US dollar. Some 15.8 percent expect the tenge rate against the US dollar to remain unchanged, while 7.9 percent think tenge will decrease in price and 19.5 percent are undecided.
Meanwhile, 72.7 percent of the interviewed people said they keep their cash savings in tenge, 37.4 percent of the respondents keep their cash savings in the US dollars.
The exchange rate of tenge halved after Kazakhstan's National Bank switched to the floating rate in August 2015.
Tenge’s rate dropped to the lowest level (383.91 tenges/$1) on Jan. 22, after which it began to rise again. The highest rate since early 2016 has been in early May (327.66 tenges per $1).
On Sept. 14, the exchange rate set by the National Bank was 337.64 tenges/$1.