Baku, Azerbaijan, Feb. 10
By Elena Kosolapova – Trend:
Kazakhstan’s National Bank has not carried out any intervention in the currency exchange market in order to maintain or weaken tenge rate for the last five months, Finprom.kz analytical center said in a report released Feb. 10.
However, Kazakh national currency is gradually strengthening against dollar in spite of absence of any support from the National Bank.
Currently tenge rate against dollar is at highest level since the beginning of 2016.
Current tenge rate complies with the current level of competitiveness of domestic products in the world and regional markets, Finprom.kz believes.