Kazakhstan's Tenge Overvalued by 20%, Gradual Weakening Expected

Analysts at BCC Invest believe Kazakhstan's tenge is currently 20% stronger than fundamental economic factors justify. They anticipate a gradual weakening of the currency to 480 tenge per dollar. The tenge's real exchange rate has appreciated significantly faster than economic indicators over the past year, driven by foreign capital inflows, high oil prices, and substantial state currency sales.

Read the full article at Kursiv →

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