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Market and Company News
22.09.1999 00:00

Dollar hold on to strengthen in the OTC market of Kazakhstan

/IRBIS, Sep.22, 99/ - As it was informed earlier, at closing of the KASE session the tenge per US dollar quotation were fixed at the level of 136.88/89.

Following are the quotations of Kazakhstan interbank currency market provided by dealers to the REUTERS information system (the interval is about an hour):

136.88/89 - Exchange closing, 136.80/137.05 136.80/94 136.82/93 136.90/137.15 136,88/137,08 - at 16:00 p.m. Almaty time

By the quotations, dollar after trades closing gravitates to strengthening, and the market still looks upwards.

Overnight interbank tenge quotations continue to remain rather high - 10% (demand) and 30% (supply). In comparison with the previous days the price of short money has grown essentially.

There is a certain tension in the market and the spreads of the dollar quotations grow.

The news about cancellation of placement of the National Bank week indexed notes has not added a optimism. Even by a such tool the Bank did not manage to neutralize free means of banks.