Kazakhstan stock exchange, banks resume their work

Source : 112 Ukraine

Tenge weakened against the dollar during morning trading on Kazakhstan Stock Exchange KASE by 1.76 points; the National Bank is ready for currency interventions to protect the national currency from speculative pressure
14:19, 12 January 2022

Open source

Trading on the currency floor of the Kazakhstan Stock Exchange has resumed after a short pause due to protests as KazTAG reported.

Besides, it became possible to conduct international payments and transfers.

Chairman of the National Bank of Kazakhstan Erbolat Dosaev reported that measures have been taken to provide banks and ATMs with cash, including Almaty and Almaty region. The National Bank is also ready for currency interventions to prevent speculative pressure on the tenge.

Related: Tokayev announces completion of CSTO peacekeeping mission in Kazakhstan

Tenge weakened against the dollar during morning trading on Kazakhstan Stock Exchange KASE by 1.76 points as ORDA reports. The weighted average exchange rate was 433.58 tenge per dollar.

Business losses from the unrest in Kazakhstan have already exceeded 103.7 billion tenge, including 102.2 billion tenge in Almaty.

If you consider that in the exchangers of Astana one US dollar bought at an average of 434.24 tenge and sold at 437.3 tenge, in the equivalent of the American currency, Kazakhstani businessmen lost because of the protests from 235, 536 million dollars to 237,196 million dollars.

Related: Kazakhstan elects new head of government

Global uranium prices jumped by more than 17% due to the situation with the mass unrest in Kazakhstan, caused by protests against rising gas prices.

In the beginning of 2022 protests erupted in Kazakhstan after the increase in the price of liquefied gas. Demonstrators announced an indefinite action. Demands to reduce the price of gas have grown into calls for the resignation of the president and government. The Internet has been shut down in the country, law enforcement agencies seized military equipment, make arrests. Kazakh TV channels suspended broadcasting.

After a couple of days of anti-government protests, the Cabinet of Kazakhstan has filed a resignation letter, and President Kasym-Jomart Tokayev accepted it.

Related: 9,900 partisipants of mass riots detained in Kazakhstan

On January 5, a state of emergency was declared all over Kazakhstan amid massive fuel price protests.

Besides, the Collective Security Treaty Organization (CSTO), which includes six post-Soviet states, has approved the deployment of troops into Kazakhstan, where mass protests accompanied by riots are currently taking place. Already 2,500 military personnel from CSTO countries have arrived in Kazakhstan.

An anti-terrorist operation is under way, and authorities say they have all government facilities under control. President Tokayev has authorized the security forces to open fire on "criminals" without warning.



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