Kazakhstan’s currency hit historic lows on September 9 in another day of decline for the tenge on the stock exchange since the government last month stopped propping it up.
By the evening, the tenge was trading at 261 to the dollar in exchange offices in Almaty, the financial capital.
The currency recovered slightly on September 10, with bureaux de change in Almaty buying dollars at 258 tenge in the morning and at 253 by lunchtime. That was the same as the rate set by the National Bank, which has fallen by 6 percent over the course of a week.
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