Ruble Sales Remain Negative in Kazakhstan
Photo: Pixabay, illustrative purposes
In July, the ruble again showed a negative balance in Kazakhstan’s exchange market despite the rising rate, Orda.kz reports, citing DataHub.
Currency exchange offices bought more rubles from the public than they sold. Net sales amounted to minus 53.2 billion tenge, leaving exchangers with a large volume of Russian cash — roughly equivalent to USD 100 million:
Thus, the negative dynamics have been maintained for the eighth month in a row - all this time, rubles are being sold more than bought. At the same time, the exchange rate continues to grow: in July, the average level was 6.71 tenge per ruble against 6.54 tenge in June.
At the same time, net sales of other currencies increased. According to the National Bank, dollar transactions grew by 10% compared to June, reaching 120.8 billion tenge.
Euro sales by exchangers totaled 5.7 billion tenge — five times higher than the June base, though still far from record levels.
Original Author: Ruslan Loginov
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
