Russian space corporation plans 25 carrier-rocket launches in 2017Science & Space August 22, 17:48
Russian Defense Ministry develops electromagnetic gun to counter dronesMilitary & Defense August 22, 17:14
'Paradise' placed on longlist for European Film Academy awardSociety & Culture August 22, 16:56
Peru, Myanmar, Bangladesh interested in purchasing MiG-35sMilitary & Defense August 22, 16:51
Mossad chief to accompany Netanyahu on official visit to RussiaWorld August 22, 16:41
Russian Investigative Committee brings charges against stage director SerebrennikovSociety & Culture August 22, 16:33
Russia's advanced interceptor may become unmanned in futureMilitary & Defense August 22, 15:58
Foreign space agencies take interest in Soyuz-5 rocketScience & Space August 22, 15:48
Russian Energy Ministry comments on impact of US coal supplies to UkraineBusiness & Economy August 22, 15:46
GORKI, February 12. /ITAR-TASS/. Russian First Deputy Prime Minister Igor Shuvalov downplayed the devaluation of Kazakhstan's national currency, the tenge, saying it will not impact the Russian economy.
"How can it affect us? We have no currency union," Shuvalov told reporters.
Kazakhstan's National bank (NBK) announced its decision to stop supporting the exchange rate of the national currency /the tenge/ from Tuesday, February 11, by reducing exchange market interventions and interference in the processes forming the tenge exchange rate.
"The National Bank expects the tenge's exchange rate to be at 185 tenge per one US dollar," the NBK said.
As of February 11, the official tenge exchange rate was at 155.5 per US dollar. The NBK therefore weakened the national currency by some 20%.