Thursday 05, February 2009 by
Kazakh tenge evaluation reflects external realities, says S&P
Standard & Poor's Ratings Services said that the decision by Kazakhstan's central bank (the National Bank of Kazakhstan) to allow the tenge to devalue by around 17 per cent to a new parity rate of 150 (with a +/- 3 per cent trading band) reflects new external realities but carries certain risks for the sovereign.
