Kazakhs Withdraw Funds from Foreign Currency Deposits, Increase Tenge Deposits

In September, Kazakh citizens withdrew 322 billion tenge from foreign currency deposits while adding 388 billion tenge to tenge-denominated accounts. Total bank deposits grew by 1.3 trillion tenge to 51.5 trillion tenge. Foreign currency deposits decreased by 7.3% to 4 trillion tenge.

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Headline and summary written by daryo. The full report belongs to Kursiv.