Kazakh tenge falls to new low

The Kazakh tenge dropped to 351.85 per dollar on the Kazakhstan Stock Exchange (KASE) this morning, the press service of KASE said.

Exchange offices of Astana and Almaty are selling dollars at the exchange rate of 353-354 tenge per dollar, ie 3% more than on January 4.

We recall that Kazakhstan moved to a free floating exchange rate of the tenge from August 20th.