January 26, 2016 / 10:42 AM / 2 years ago

Kazakh sovereign fund prepares for weaker oil, tenge

ASTANA, Jan 26 (Reuters) - Kazakh sovereign welfare fund Samruk-Kazyna expects the country's tenge currency to weaken further this year alongside oil prices, its chief financial officer told Reuters on Tuesday.

"The baseline scenario is $25 per barrel and 400 tenge per dollar, the stress one is $20 and 420 tenge per dollar," Yelena Bakhmutova, managing director in charge of finance and operations, said in an interview. (Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Maria Kiselyova)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below