Grigory Marchenko briefed the President on the current situation on the country’s currency market. The National Bank of Kazakhstan has acquired USD 6 billion since the beginning of 2011. The nominal rate of tenge has strengthened against the U.S. dollar by 1.25 percent.
- It has had no impact on inflation. This situation does not threaten the competitiveness of our economy. The other currencies such as Euro, Russian ruble, Chinese yuan strengthen against the U.S. dollar in a faster pace. Hence we can strengthen tenge under the control of the National Bank, - the Chairman of the National Bank of Kazakhstan said at the briefing for journalists.