Kazakhstan has shifted to free-floating currency

Kazakhstan has shifted to free-floating currency. The decision was undertaken by the government and the country's National Bank. The Kazakh Prime Minister Karim Massimov and the chairman of the National Bank Kairat Kelimbetov held a special briefing at the Central Communications Service to explain why these measures had been taken. According to the Prime Minister, from now on the exchange rate will be set by the market's demand and supply taking into account internal and external macroeconomic factors.