The chairman of the National Bank of Kazakhstan, Daniyar Akishev, said during an extended meeting of the government in Akorda that the Kazakh people should trust the National Bank.
The head of the National Bank does not rule out that if oil prices fall, then the Kazakh tenge may weaken further. "If the oil price falls to $40 per barrel it is likely to be followed by an adjustment of the exchange rate," he said.
"But we will not allow abrupt and destabilizing exchange rate changes. We will explain the market situation to the public," Akishev promised.