No preconditions for vehicles prices growth in Kazakhstan due to weakening of ruble - manufacturers

Almaty. November 7. KazTAG - There are no preconditions for vehicles prices growth in Kazakhstan due to ruble weakening, reports the group of companies "Bipek Auto-Asia Auto".
"The events at the Russian currency market make Kazakhstani people think if the prices will change in Kazakhstan. But being based on the objective figures the currency situation in Kazakhstan differs from the Russian one. Since early October ruble weakened by 14% to US dollar. In the same period tenge strengthened by 0.5% in respect of the US dollar, by 1.3% to Euro, and by 13.5% to ruble. Thus, there are no currency preconditions for vehicles prices growth in Kazakhstan. The sustainability of this situation is being controlled by the National Bank," he said.
He added it is impossible to hedge against prices growth.

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