Abstract :Existing studies confirm that the economic development of a country is directly dependent on the exchange rate regime applied by that country. The variety of exchange rate regimes used in practice is so great that the IMF faces serious difficulties in trying to classify them, and periodically reviews its approaches to resolving this issue. The problem is further complicated by the fact that the exchange rate regime actually used by a certain country often differs from the officially declared one. In this regard, this study is aimed at determining the regime of the national currency’s exchange rate of Kazakhstan. Statistical data for calculations were taken for the period since 1996 to 2022. Keywords : monetary policy, currency rate, instruments, foreign exchange reserve, managed floating, fixed exchange rate, floating exchange rate
