After the announcement of Kazakhstan's tenge free floating, its exchange rate in Kyrgyzstan began to decline in relation to the local national currency, the som.
According to local media, if this morning a som was sold for 3 tenge, by noon, the national currency was already sold at a rate 5 tenge to the som. Many bureau de change in Bishkek stopped buying Kazakh currency completely.
At the same time, the dollar went up in Kyrgyzstan. By noon, the US currency was sold at a rate of 64-65 soms to the dollar, compared to 61-62 soms yesterday and this morning, TASS reports.
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