Tenge begins to lost points on the OTC market of Kazakhstan
/IRBIS, Oct 14, 99/ - As it was informed earlier, at closing of the KASE
session the tenge per US dollar quotation were fixed at the level of 140.95/98
at an average weighted rate of 140.95.
Following are the quotations of Kazakhstan interbank currency market
provided by dealers to the REUTERS information system (the interval is
about an hour):
140.95/98 - Exchange closing,
141.00/10 - at 4:00 p.m. Almaty time
The interbank quotations both on demand and on supply fix gradual and
dollar strengthening after exchange trades closing.
The overnight interbank tenge deposits quotations essentially reduced today
in comparison with yesterday's to 5% (demand) and 15% (supply). The
double reduction of the short money prices was observed within a day.
In opinion of the IRBIS analysts, the dollar rate grow was caused by the
redemption of MEKAVM-6 first issue, 14th issue MEKAVM-3 and 333rd issue
of the National Bank notes.
Taking into account that total volume of State Securities redemption in the
week does not exceed 1,427.7 million tenges, the influence of this money
can be short-term and minimum.