After closing of the trades at KASE tenge remains stable, but spreads are large

13.08.99 00:00
/IRBIS, Aug.13, 99/ - As the agency informed earlier, the trade session with US dollars at KASE was closed at 131.94 (demand) / 132.05 (supply) tenge per unit of the currency. Following are the quotations of Kazakhstan interbank over-the-counter exchange market provided by the dealers to the information system REUTERS (the interval is about half hour): 131.94 / 132.05 - closing of the exchange, 131.85 / 132.05 131.94 / 132.15 131.93 / 132.15 131.93 / 132.03 131.92 / 132.12 131.93 / 132.03 131.92 / 132.12 131.90 / 132.15 - at 4:00PM Almaty time. Rates for "overnight" interbank tenge deposits - at 1(demand) and 5(supply) APR. Quotations show that the traders have not decided which interval they had to go with. Demand prices indicate some strengthening of the tenge while supply prices indicate dollar increase. Large spreads demonstrate dealers' uncertainty.