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Kyrgyzstan Approves Pilot Launch of Digital Som
The National Bank received exclusive rights to issue and regulate the new form of national currency.
The National Bank received exclusive rights to issue and regulate the new form of national currency.
New Restrictions for Currency Exchange Offices The National Bank of Kazakhstan has announced changes to the rules for currency operations. The new exchange rate deviation limits will be: 7 tenge for the dollar. 10 tenge for the euro. This is a significant reduction compared to the previous limits of 15 tenge for the dollar and 20 tenge for the euro.
The National Bank of Kazakhstan (NBK) has updated its forecasts for inflation and economic growth. Inflation in 2025 is expected to range between 6.5% and 8.5%, following a projected 8–9% in 2024. GDP growth for 2025 is forecasted at 4.5–5.5%. Key inflationary drivers include fiscal stimulus, rising utility tariffs, external inflationary pressures, and heightened domestic inflation expectations.
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