TONIA moved closer to the upper boundary of the base rate (14%±1 pp.) resulting in 14.52-14.92% during the week. Daily average transaction volumes averaged in KZT783.59 bn slightly growing from the prior week – 4.13% up compared with KZT752.50 bn during May 16-20, 2022. The weekly highest rate of 14.92% has been fixed on Friday, May 27, which upgraded the historical high from May 2016.

Download full report


Tengri Partners offers both local and international clients unlimited access to Kazakhstan’s money-market instruments including the repo market of up to 28 days, notes issued by the National Bank of Kazakhstan of up to 6-months and sovereign bonds of up to 1-year.