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August 24, 1998
The crisis situation in Russia had a psychological impact on the Kazakhstani money market which resulted in trade volumes increasing to US $7-8m at the Almaty Financial Instrument Exchange (AFINEX) at the beginning of the week. On Thursday, however, trade volumes fell to a more normal level of US $3.335m. The Tenge/Dollar value was 78.30 at the beginning of the week and 78.50 at closing time on August 21. Deutsche Marks were traded on two days last week with a total traded volume of 115,000.
Currency Rates on the Currency Exchange (at close 21/08/98)
| Currency | ForEx market rate |
National Bank rate |
| KZT/$ | 78.50 |
78.00 |
| KZT/DM | 43.90 |
44.19 |
| KZT/RR | No trade |
13.00 |
*Interbank currency market
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