Tenge rate up after OPEC oil deal
Baku, Azerbaijan, Dec. 2
By Elena Kosolapova - Trend:
The exchange rate of Kazakhstan’s tenge increased by 4.42 tenge for USD (reaching 336.72) at the afternoon trading session at Kazakhstan's Stock Exchange (KASE) on Dec 2.
The same session on Nov. 30 had tenge at 341.14 mark, before the oil deal reached by OPEC, KASE said in the message.
On Nov. OPEC clinched a deal to curtail oil supply for the first time in eight years. OPEC oil production is expected to reduce by 1.2 million barrels a day to 32.5 million a day since January 1, 2017.
KASE did not hold trading on Dec. 1 due to day off on the occasion of the First President’s Day.
At Kazakhstan's Stock Exchange’s Nov. 30 morning trading session tenge rate hit 334.34 tenges for one US dollar compared to 342.03 tenges at Nov. 30 morning trading session.
Average tenge rate against US dollar at the morning and afternoon sessions increased to 335.71 tenges on Nov. 30 compared to 341.44 tenges on Nov. 30.
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