PM: Kazakhstan switches to freely floating exchange rate

PM: Kazakhstan switches to freely floating exchange rate
# 20 August 2015 08:01 (UTC +04:00)

“For inflation targeting and cancellation of currency corridor, it was decided to switch to a new economic policy from August 20.Tenge fluctuation will depend on processes in the world economy”, the Premier stressed.

According to him, this step was taken on the background of fundamental negative changes occurred in the world economy.

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THE OPERATION IS BEING PERFORMED