Aliya Moldabekova, Deputy Governor of the Central Bank of Kazakhstan, said that the increase in tenge against the US dollar is among the highest in the world, and the market's attractiveness to Kazakh assets for foreign investment declined accordingly. Mordabekova said that the strengthening of the tenge has reduced the country's appeal to institutional investors. The agency said that if tenge weakens slightly, additional investment will be considered. Since this year, the tenge has appreciated nearly 13% against the US dollar, making it one of the best performing currencies in the world, after the Paraguayan Guarani and the Colombian Peso.

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