KAZAKH CENTRAL BANK SAYS IT HAS INTERVENED TO SUPPORT TENGE, IS READY TO CONTINUE INTERVENTIONS
ALMATY, Nov 28 (Reuters) -Kazakhstan's central bank has intervened on the domestic market to support the local tenge KZT= currency and is ready to continue such interventions to reduce exchange rate volatility, the bank said on Thursday.
The tenge hit an all-time low of 519 per dollar on Thursday after the sharp weakening of the Russian rouble, the currency of one of Kazakhstan's biggest trade partner.
Reporting by Mariya Gordeyeva
Writing by Olzhas Auyezov
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