Kazakhstan limits Tenge Moves versus Dollar to 0.3% per Session
Kazakhstan’s central bank won’t let the tenge change in value versus the dollar by more than 0.3 percent per official trading session, central bank Chairman Grigory Marchenko said.
The bank “tries not to intervene much when the tenge is between 146 and 147 per dollar,” Marchenko told reporters in Almaty today, referring to official trading session in May.
The bank won’t allow the currency to move more than 30 or 40 tiins at a time.
“If one will try to earn money on exchange rate movements, we will change our attitudes,” Marchenko said, according to Bloomberg.