Quotations USD on the OTC market are below than parameters of Stock Exchange Closing and quite stable
19.10.99 00:00
/IRBIS, Oct.19, 99/ - As it was informed earlier, at closing of the KASE
session the tenge per US dollar quotation were fixed at the level of
140.70/74. Weighted average rate is 140.80.
Following are the quotations of Kazakhstan interbank currency market
provided by dealers to the REUTERS information system (the interval is
about an hour):
140.70/74 - Exchange closing,
140.55/65
140.54/74
140.40/70
140.40/65
140.55/65 - at 16:00 p.m. Almaty time
The OTC market quotations after decrease in the middle of a day returned
on a level, developed after Stock Exchange closing. It is characteristic, that
this level is lower than average weighted exchange rate, and than price of
the last trade. The stable dollar growth is while obviously impossible.
The interbank overnight tenge quotations have undergone 3 times reduction
during the last hour and to 4:00 p.m. made 5% (demand) on 15% (supply)
APR.