Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate
![Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate](http://en.tengrinews.kz/userdata/news_en/2015/news_261954/thumb_b/photo_50952.jpg)
The part of the country’s FX and gold reserves spent earlier to maintain the tenge exchange rate [before the decision was taken August 20 to let the tenge float freely] was actually spent to bolster Russia’s economy: Halyk Bank Head.