Kazakhstan to renounce agreements with Russia, Kyrgyzstan on mutual convertibility of currencies

• Published date: 12 January 2023
• Publication title: Central Asian News Services

Kazakhstan intends to renounce the agreement with Russia on mutual convertibility of tenge and ruble.

The agreement became irrelevant due to adoption of the legislation that comprehensively regulates all issues it addressed, Tazabek reported.

The agreement on measures of mutual convertibility of Russian ruble and Kazakh tenge exchange rates will be denounced. Kazakhstan also plans to denounce the agreement on organization of settlements with the Kyrgyz Republic of February 18, 1994.

The National Bank of Kyrgyzstan told Tazabek renouncement of the agreement will not affect settlements between Kyrgyzstan and Kazakhstan as...