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What will happen to the tenge-dollar currency pair?

The Analytical Center of the Financial Institutions’ Association of Kazakhstan (FIAK) published the results of the survey of financial market professional participants regarding inflation, the tenge exchange rate and other indicators of the country's economy.
What will happen to the tenge-dollar currency pair?

The survey studied the opinion of professional participants in the financial market, representatives of banking, insurance, brokerage organizations, employees of analytical and treasury departments.

According to experts, the inflation slowdown will be recorded in a year (11.7%). “In this vein, we note that expectations for oil prices have deteriorated significantly: the experts expect the price of a barrel of Brent at $89 in a year, compared to $106 a month earlier (-16%). GDP growth in a year may slow down to 2.9% (currently 3.4%), which, in addition to the projected decline in oil prices, may be due to compliance with fiscal rules to limit the growth rate of national budget expenditures.

In a month, the national currency rate will be 475.9 tenge per dollar, and a year from now the tenge will strengthen to 425 tenge.

Photos are from open sources.

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