Kazakhstan's Tenge Projected to Devalue to 523 per Dollar by 2027

Kazakhstan's tenge is forecast to weaken against the US dollar, reaching 523-587 tenge per dollar between 2027 and 2029, according to the Eurasian Fund for Stabilization and Development (EFSD). The national currency's strengthening is attributed to rising commodity prices and foreign investor demand for Kazakh government bonds. Economic growth is projected at 5% for 2026-2027.

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