The value of the national currency of Kazakhstan, the tenge ,. The exchange rate between the tenge and US dollar changed from 185 to 255 after the policy shift. According to local media, people are queuing at banks and exchanges, most of which have stopped selling dollars.
The decision was made to start a new economic policy from August 20 on the basis of inflation targeting and to cancel the currency corridor," Prime Minister Karim Masimov said during a government teleconference on Thursday, citing a joint statement of the government and the National Bank. The market will determine a balanced exchange rate on the basis of supply and demand, with the National Bank intervening if stability is threatened, the minister added.
INC News-Schiedam, 20/08/2015 - via RT
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