ALMATY – Kazakhstan’s money supply expanded by 0.9% in April 2017 to 19.469 trillion tenge, the National Bank said.
In January-April 2017, money supply shrank by 2.2%.
Total cash in circulation grew by 4.8% in April 2017 to 1.724 trillion tenge (down 1.4% in January-April the same year).
The monetary base expanded 1.1% to 5.254 trillion tenge in April 2017 and 1.8% in January-April 2017. The narrow monetary base, excluding fixed-term deposits of second-tier banks with the National Bank, expanded by 1.5% in the reporting month to 4.779 trillion tenge and contracted by 0.3% from the beginning of the year.
Kazakhstan switched to a free floating exchange rate for the Tenge on August 20, 2015.
The current FOREX rate is 310.83/$1.
