We have already lived half a year with a devaluation of national currency in our country. People tend to buy US dollar and other foreign valuable currencies in exchange places. But now the tendency is going to change its direction to another way. Which currency will get status quo?

According to the local statistic options, Kazakhstani tenge strictly started to lose it's status quo in the internal market after the transition to a floating exchange rate. In 2015, exchange centers sold $17,00 billion and bought $9,31 billion. But the numbers were little bigger in 2014. Money exchange centers sold about $23,08 billion to citizens and guests of Kazakhstan and bought 8,84 billion US dollars.

Many experts thought that devaluation of tenge would start after the elections of the president of Kazakhstan. That's why most economic oriented citizens hurried up to change their national tenge to US dollars. That was a peak of money exchange in our country and happened in April 2014.

Now it's difficult to say that we can stop to buy foreign currencies because of the raise a price for oil. It might not continue to the longer time, according to the Bloomberg. The government will be justified as now we see the strong correlation of a course from the change in price for oil. And even citizens won't be loyal to a foreign currency, it remains as the profitable investment.

Photo: partner.kz