Major raw materials companies in Kazakhstan do not expect sharp fluctuations in the exchange rate of the national currency in the long term. According to finprom.kz, mining companies massively buying up Russian rubles reduce the demand for U.S. dollar. As economists say, the share of foreign currency liabilities in the total rose from 34% to 54% in the Q3 2015 and, the share in Q4 2015 began to decline. Firstly, the figure fell to 46% of all liabilities, then till 41% in the Q1 2016, which is still significant level of foreign currency debt. 

 

Photo: kompromat1.info

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