THE IMPACT OF THE NATIONAL CURRENCY EXCHANGE RATE ON FOREIGN TRADE AND EXPORTS

Abstract

Kazakhstan's economic landscape, rich in natural resources, including oil, gas, minerals, and agricultural products, has led to remarkable economic growth. The article explores the impact of a depreciating Kazakhstani tenge (KZT) on various sectors, from energy and manufacturing to agriculture and technology. While a weaker currency can enhance the competitiveness of Kazakhstan's exports, it also presents challenges for import-dependent industries and can contribute to domestic inflation. Effective exchange rate management by the National Bank of Kazakhstan is a crucial aspect of maintaining economic stability.