USD/KZT on closing of the day - 135.95/00 (indicators)

/IRBIS, Sep.17, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on September 17, 99 tenge quotations towards US dollar have made 135.95/00 with the weighted average market's price of 135.89 (+0.19) and the quotes at closing of session of 135.89/90. Compared to the results of the previous day tenge lost 11 points on demand against US dollar and 6 points on supply. The spreads of the interbank quotations after dinner varied from 5 to 11 points at average 8 and practically did not differ from the yesterday's. The overnight tenge deposits quotations - 8% on demand and 18% on supply. The demand and supply prices of short money also remain at the same level. The banks' of the second tier demand for dollar does not weaken, and, by results of the last days, could not be neutralized by the sale of exporters' currency. The dealers' behavior on trades can be characterized as cautious. They continue to work by small-sized transactions, and still afraid of the of less expensive dollar supplies at the final stages of trade. By results of the dealers interrogation conducted today by REUTERS, the banks expect in the next week the further growth of the dollar without any sharp jumps. The dealers assume, that the situation is quite rigidly controlled by the National Bank and it determines the smoothness of trend. As well as yesterday, at the end of the day the interbank quotations were above exchange's (both closing, and average weighted). In the second half of day the dollar rate increases and dollars purchased on KASE are resell under the higher price. Such circuit provides to the banks a little bit large yield than work with State Securities or with short money. Such situation confirms the dealers' forecasts for the next week. It is quite obvious, that the first next week session will open highly, and traders will manage to operate for a rise of dollar. In opinion of the IRBIS' experts, the business condition will not change essential.