Kazakh Tenge Strengthens, Dollar Depreciates by 4 Tenge in One Day

The exchange rate of the US dollar in Kazakhstan dropped by 4 tenge in a single day, closing at 447 tenge on November 6. This follows the National Bank's decision on October 23 to lower the base interest rate from 16.25% to 15.75%, citing slowing inflation. The tenge weakened by 3% in October.

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