Comment by Darkhan Lukpanov: Tenge still has potential for strengthening

tuesday 2017-04-04 16:06

"Ruble in recent weeks has grown to the dollar faster than tenge, providing a benchmark for the tenge for the coming weeks. In our opinion, the tenge has potential for strengthening, which will be realized in the coming weeks. The drop of the dollar to 300 tenge in the first half of 2017 already seems realistic. Forecast development for the larger period is impossible without a large error. Very much depends on external factors: the outcome of the OPEC meeting in Vienna on May 25, exchange rates of monetary policy by the US Federal Reserve and the Bank of Russia ", he specified.

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