Exchange rate from September 26th
Checking the latest exchange rates as of today:
- USD to KZT: 426.32
- EUR to KZT: 496.41
- RUB to KZT: 5.5
- GBP to KZT: 541.81
- TRY to KZT: 56.18
- UAH to KZT: 15.08
- CNY to KZT: 62.47
- KGS to KZT: 5.37
Recently, there's been some talk about the economic future of Kazakhstan, specifically in survey results published by the Association of Kazakhstan Financiers. But hold up, let's dive a bit deeper.
While the Association's specific survey results are yet to be found, other sources provide some insight into Kazakhstan's economic landscape. For instance, the good ol' National Fund experienced a 47% drop in tax revenues, closing in on 1.04 billion dollars, due to falling oil prices earlier this year. To make up for the budget shortfall, the government had to borrow a sizable 2.85 billion dollars.
Moreover, the International Monetary Fund (IMF) discussed the notion of focusing on inflation targeting and regional economic moderation for this year in their April and May reports. The Caucasus and Central Asia regions showed strong growth in the recent past, though forecasts predict a slowdown amid general global uncertainties.
However, if you're on the lookout for the Association of Kazakhstan Financiers' survey results, it seems like additional context, or up-to-date reports directly from the organization, would be necessary to get your hands on that info. Until then, keep your eyes peeled and your fingers crossed!
- The Association of Kazakhstan Financiers' survey results, which were discussed in relation to the economic future of Kazakhstan, have yet to be found.
- Amidst the dropping tax revenues and budget shortfall in Kazakhstan's National Fund, there have been suggestions from the International Monetary Fund (IMF) to focus on inflation targeting and regional economic moderation for the current year.
- In recent times, the Caucasus and Central Asia regions have shown strong growth, but forecasts predict a slowdown due to general global uncertainties.
- In the finance and banking-and-insurance industry, one need only look to the exchange rates from sources like the latest published ones to get a sense of Kazakhstan's economic wellbeing, with the GBP-to-KZT rate being 541.81 as of today.
- As for the fintech sector, it remains uncertain how the Association of Kazakhstan Financiers' survey results might impact or be impacted by current market conditions, making it essential to remain vigilant and await more information or updates from the organization.
