National Bank established tenge exchange rates fluctuation corridor for 2010

ALMATY. December 30. KAZINFORM /Daniyar Sikhimbayev/ "The average exchange rates will remain about KZT 150 for USD 1", Chairman of the National Bank Grigori Marchenko has said today at the briefing in Almaty.
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"However taking into account the situation at the world commodity and currency markets and in order to create conditions for exchange rates flexibility increase the tenge fluctuation corridor will be extended to KZT +15 r 10% and KZT -22.5 or 15%", the Head of the Bank said.

The corridor will be active from February 5, 2010 to March 20, 2011. change of the rate and/or the borders of the corridor of tenge exchange rate fluctuation towards dollar is possible only in case of sharp change of the long-term trends in the dynamics of the indexes of the world commodity and currency markets", G.Marchenko stressed.       

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