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Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014

Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

13 February 2014

Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.

13 February 2014

Dedollarization of Kazakh mentality: Governor of National Bank The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

13 February 2014

Devaluation in Kazakhstan: How black was Black Tuesday? Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

13 February 2014

Kazakhstan’s Central Bank Governor calls commoners to count their blessings I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.

12 February 2014

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20% Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.

12 February 2014

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

12 February 2014

Kazakhstan's central bank sets tenge exchange rate to 163.9 per $1, but no second-tier banks bother Average weighted exchange rate of tenge against dollar equaled to 163.9 tenge per dollar.

12 February 2014

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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.

11 February 2014

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.

11 February 2014

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.

11 February 2014

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.

11 February 2014

Currency devaluation in Kazakhstan The new exchange rate is expected at 185 tenge for 1USD (up from 155 tenge for 1 USD).

11 February 2014

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.

10 February 2014

Kazakhstan’s Central Bank Governor on Bitcoin Kazakhstan’s Finance Ministry views Bitcoin as a threat to the country’s banks.

04 February 2014

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%.

03 February 2014

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.

03 February 2014

Israel offers $20 mn to Turkey flotilla victims: report Israel has offered Turkey $20 million in compensation to the families of those killed and wounded in its botched 2010 raid on a Gaza-bound flotilla.

03 February 2014