Mayor of Almaty orders to keep prices down
The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.
Dollar explodes in Kazakhstan: 200 tenge per dollar
Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.
The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor
The spread in currency exchange transactions should be no more than 2 tenge per each sold or bought US Dollar, Kairat Kelimbetov said.
I only learned about tenge devaluation last night: Central Bank Governor
There can’t have been any leaks as we only made the decision yesterday after the Stock Exchange trades were over: Kairat Kelimbetov.
Currency devaluation in Kazakhstan
The new exchange rate is expected at 185 tenge for 1USD (up from 155 tenge for 1 USD).
Kazakhstan’s Central Bank on offshore zones accounts
The country’s media reported late 2013 that the overall amount kept by Kazakhstanis in offshore zones is estimated at $138 billion.
Kazakhstan’s Central Bank Governor on Bitcoin
Kazakhstan’s Finance Ministry views Bitcoin as a threat to the country’s banks.
Kazakhstan Central Bank Governor on consumer loan rates and NPLs
Kazakhstan Central Bank is negotiating with second-tier banks to reduce the NPLs figure down to 15% by January 1, 2015 from the current 35.8%.
Kazakhstan’s Central Bank moves to reduce dollarization of economy
The share of tenge-denominated deposits decreased from 70.2% back in December 2012 to 62.6% in December 2013.