The Tenge’s Uncertain Future

Last week, the Kazakhstani tenge continued its decline, crossing the psychological threshold of 500 tenge to $1. In response, the Central Bank intervened and pledged to prevent future speculative pressure. While experts believe the regulator succeeded in temporarily stabilizing the currency market, the tenge's predictability has been shaken. It remains vulnerable due to potential declines in oil prices and worsening global economic conditions as Donald Trump prepares to take office as US President in January.