USD/KZT at day closing - 141.95/10 (indicators)

/IRBIS, Oct.07, 99/ - According to REUTERS at the moment of October 07 OTC market of Kazakhstan closing tenge/dollar quotations has made 141.95/10 tenge per dollar at the average weighted exchange rate of 141.81 (-0,09) and session closing quotations of 141.82/83. By the dealers interbank quotations, tenge as against of the previous day closing increased by 14 points on demand and by 10 points on supply. Spreads of the interbank quotations varied from 5 to 15 points at average 10, the essential narrowing in comparison with yesterday's level. Rates of the overnight interbank tenge deposits almost did not change during a day and made at day closing 10% p.a. (demand) and 18% p.a. (supply). The short money demand has insignificantly decreased. The dealers mark that the banks' short-term liquidity leaves much to be desired. Everyone wait for tomorrow's notes redemption. Nevertheless, as results of the currency dealers interrogation show, 80-90% of the big dollars sales on KASE within three last days were stipulated by the sales of the exporters proceeds. The banks extremely reluctantly part with currency, but should do it for the liquidity maintenance. The National Bank today managed to attract 800 million tenges in the note-14. The dealers speak, that it is mainly investors money, instead of money of bank of the second tier. The problems with short-term liquidity are illustrated by quietness in the interbank dollar market after 3:00 p.m. Dealers almost did not quote, and quotation made testify to relative stability of the national currency. At the same time, the dollar rate at the day closing was above than that of the exchange session. The IRBIS analysts believe that tomorrow the currency trades participants, using means received through weekend's State Securities redemption, will speculate for a dollar rise. Therefore dollar has a great chances to get stronger. Interrogation of dealers, conducted by IRBIS today, definitely confirmed it.