USD/KZT 449.88 
EUR/KZT 486.64 
Head of Kazakh National Bank denies rumors of second devaluation

ALMATY. February 24. KAZINFORM /Daniyar Sikhimbayev/ The National Bank of Kazakhstan supports and will support the new corridor of KZT150 plus-minus KZT 5 per USD 1. Chairman of the National Bank of Kazakhstan Grigory Marchenko has told about it today in Almaty at the special briefing in response to the growing rumors and disinformation disseminated by some mass media, Kazinform correspondent reports. The Head of the Bank said that every week there appeared information about the next devaluation and such disinformation is more often spread in Almaty and Astana cities. We have already said that there is a sufficient amount of the currency in the country, there are about USD 450 mln in Kazakhstan. There are some people who take loans in hope to buy dollars with their following rising cost. That wont happen. We have told that it is a medium-term orientation and this corridor we will keep. The medium-term means more than a year, G. Marchenko noted.


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