Situation on currency market remains stable - Kelimbetov K.N.

Intervention in the foreign exchange market will be conducted in order to smooth fluctuation of the tenge exchange rate, without affecting the formation of the general trend defined by market preconditions," said the Chairman of the National Bank of Kazakhstan Kelimbetov K.N. on January 21, 2014, at the briefing for media. "Under favorable external economic environment and a stable macroeconomic situation in Kazakhstan there are no reasons for the tenge devaluation," he explained. "In this case a slight adjustment of the exchange rate of tenge currently observed occurs within the limits of the trend matching current economic conditions," said the head of the National Bank.
"The current situation on the currency market remains stable and is under constant monitoring by the National Bank," said K.Kelimbetov.