USD/KZT at the day closing - 139.36/44 (indicators)

/IRBIS, Jan.19, 00/ - According to REUTERS, at closing of the interbank currency market of Kazakhstan on January 19 tenge quotations towards US dollar equaled 139.36/44 tenge per dollar. Compared to the results of the previous day tenge increased by 19 point against US dollar on demand and by 21 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 139.50 (-0,06) tenge per dollar and closing quotations of 139.50/51. The dollar quotations at closing of the additional day session under the TOD accounts (3:00 p.m. Almaty time) have made 139.40/45 tenge for dollar. Dollar on evening trades by accounts TOM and SPT was not quoted. The results of day show: the exchange market of Kazakhstan changes. Today after exchange trades the dollar quotation reduced steadily. The dealers speak about tenge deficit. The shortest money quotations grown today to 7/13% p.a. or twice. To tell the truth, by the end of the day they reduced to 4/9, but the tenge deficit still to be. The main reason of the Bank of the second tier shortage in the means is the year tax payments of the banks customers. The majority of the large banks have undertaken the appropriate measures, however even their dealers are temporarily limited in a maneuver. The second reason of the liquidity decreasing is attraction on Tuesday $14.4 million by the Ministry of Finance at MEKAVM-9 placement. The investors should pay for these securities before 11:00 a.m. Thursday. The certain role has been played by the today's note-49 auction, on which the National Bank managed to attract 376.6 million tenges. The population's cash dollars demand has also decreased. The main quantity of money issued on the market in December, is already connected by current payments or by the dollars. The listed above factors force the dealers to close long dollar positions and to sale. "Now it is possible to tell, that supply and demand balanced, some banks have begun to sell the dollars", - the bank's dealer has told today REUTERS. The recent exporters' proceeds appearance in the market also promotes growth of tenge rate. There is an impression that the market is gradually declined to the tenge strengthening. It has been shown distinctly by the day closing. The situation can by changed to some degree by the Thursday' and Friday's note redemption to the total sum of 2.6 billion tenges. So, only on Monday it will be possible to tell, as strong the tendency of tenge strengthening will be. Analyzing the market indicators, the IRBIS experts came to the conclusion, that on Thursday tenge on KASE will continue to increase and the speed of it can increase also.