Kazakh Central Bank to Drain Dollars as Tenge Regains Appeal

Updated on
  • Governor says shift from foreign currency into tenge continues
  • Slowing 2016 inflation to 6%-8% ‘key question,’ Akishev says

Kazakhstan’s central bank is prepared to return to the currency market in force to soak up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said.

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