Kazakhstan’s ex Central Bank Governor on e-money
According to Mr. Marchenko, member states of the Customs Union are excessively dependent on foreign payment systems, with introduction of e-currencies by large Western corporations posing a threat to the national security.
Central bank cleans the house in Kazakhstan’s banking sector
Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
Kazakhstan people keep $18 billion at home: Central Bank Governor
Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.