Information/
Market and Company News
The news about resignation of Sergei Stepashin's government affected the dollar quotations in Kazakhstan
/IRBIS, 09.08.99/ - The news about resignation of Sergei Stepashin's government somewhat affected the interbank currency exchange in Kazakhstan. In REUTERS dollar quotations increased from 131.59 / 131.72 tenge per unit of the currency to 131.60 / 132.75.
Last two hours the offer price of a dollar in over-the-counter market of Kazakhstan varied in a wide range: 131.85-132.90 with almost unchanged quotations on demand.
According to IRBIS analysts, Russian news will not have a significant impact on Kazakhstan foreign exchange. Some dealers are trying to benefit from the situation hoping for a panic in the market and sell their devaluing dollars.