Next year, residents of Kazakhstan should expect the dollar to rise in value.
This forecast was made by analysts from the Association of Financiers of Kazakhstan.
This was reported by the publication Orda.kz.
What will happen to the dollar in Kazakhstan in 2025
AFC presented an overview of the main macroeconomic challenges that Kazakhstan may face next year.
AFK analysts say the main risk for the country is a possible decline in oil prices.
They could be shaken by the actions of OPEC+ and the growth of shale oil production in the US.
A decrease in oil prices, in turn, may have a negative impact on key macroeconomic indicators, including the tenge exchange rate.
Experts believe that the weakening of Kazakhstan's national currency will continue next year.
According to the AFK forecast, the tenge to dollar exchange rate may end this year with a 10 percent decline.
Due to the significant excess of domestic demand for foreign currency over its supply, the forecast notes.
Next year, analysts expect the dollar exchange rate to rise to 545.2 tenge (+6% to the current value).
