The National Bank of Kazakhstan can and has to affect a situation with tenge, and They could not allow such situation at all, prominent economist Olzhas Kudaybergenov gives his opinion to 365info.kz.

Tenge is losing its value practically each hour. Cooperators of Exchanges in the street running out of time to change the numbers on the board while the National bank of Kazakhstan keeps silence. The absence of any official comments from the main financial regulator shows that there is nothing to tell National Bank.

According to Mr. Kudaybergenov, the main bank and the chief banker don't know how in general to work in such situation at the moment.

[caption id="attachment_32345" align="alignnone" width="700"] Statistics by NBK, Citi Research[/caption]

For the record, by results of the morning auction at the Kazakhstan stock exchange (KASE) on January 14, the average rate of tenge to the dollar made 366,16 tenges. The day before, exchange centers began to sell the American currency at 362 tenges.

Photo: radiotochka.kz