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Kazakhstan sees fall in USD demand

23 November 2016 11:50 (UTC+04:00)
Kazakhstan sees fall in USD demand

By Trend

People in Kazakhstan sharply decreased purchasing of the USD from the exchange points in 2016, the Kazakh National Bank reported.

In January-October 2016, the dollar purchases by people decreased by over 10.5 times compared to the same period of 2015. It is the lowest level since 2001 when Kazakhstan started to collect statistics data on this issue.

The volumes of US dollars purchases by people in this period remained at the level of the corresponding periods of the previous 5-6 years.

In October 2016 purchases of US dollars by people hit $304 million which is 6.6 percent less compared to September 2016, $40.1 percent less compared to Oct. 2015 and 84 percent less compared to October 2014.

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