Expert: Increased Foreign-Currency Supply Supports Tenge’s Rise as Market Flows Shift
Translated from English and summarized by DistantNews. Read the original for the full story.
At a glance
Analysis
Named sources
Context piece
- Kazakhstan’s tenge strengthened 2.6% against the US dollar in August, reaching 461.57 per dollar at the end of the month.
- Halyk Finance analyst Saltanat Igenbekova attributed the rise to foreign-currency supply exceeding demand.
- The analysis also pointed to increased market activity and changing capital flows.
The Kazakh tenge strengthened 2.6% against the US dollar in August, ending the month at 461.57 per dollar.
Saltanat Igenbekova, head of the Analytics Center at Halyk Finance, said foreign-currency supply continued to exceed demand as market activity increased.
She also linked the currency movement to changing capital flows. The Astana Times reported the figures and analysis.
About this summary
Originally published by The Astana Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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