X
X

Kazakhstan: National Currency Takes to Sliding Again

Kazakhstan’s national currency has taken a fresh tumble this week, provoking a new cycle of anxiety.

On July 20, the official exchange stood at 338 tenge to the dollar, but that had officially slid by July 28 to more than 350. As has become customary, however, street exchange shops are buying dollars at slightly higher rates, depending on the location. There were reports of a 365 rate in the capital, Astana.

Predictably, the slide has dominated news coverage and discussions on social media. Some comments under a piece on news website Nur.kz are illustrative. 

“My pension savings are going to become toilet paper,” wrote one reader.

“Today I took my car to be repaired. The work has been estimated at 26,000 tenge. Now, because of the fall of the tenge, the cost has been changed to 37,000. And they haven’t put up our salaries,” wrote another.

To read the full story

Kazakhstan: National Currency Takes to Sliding Again

1 / 1
X
> <