Kazakh Prime Minister: tenge to reach relative stability soon

Kazakh Prime Minister Karim Masimov said that the rate of tenge will reach a point of relative stability soon.

"I think we will reach a point of relevant stability in the foreseeable future, I think in a couple of weeks we will see stabilization, both of the tenge against the dollar rate and the dollar to the tenge rate as well. I think it is very important. When we reach a point of balance, then the situation will stabilize and it will be possible to make long term forecasts," the prime minister said.

The Central Bank of Kazakhstan floated the national currency in August.