Kazakhstan expands currency corridor

The National Bank of Kazakhstan has expanded corridor fluctuations in the exchange rate of the tenge, the chairman of the National Bank of Kazakhstan, Kairat Kelimbetov, said at a press conference.

"The new corridor will be 170-198 tenge to the dollar," he said.

According to Kelimbetov, this corridor allows the financial regulator to conduct a more flexible and smooth exchange rate policy.

The new currency band will be adopted before the end of the day.