National Bank site.news_by_theme

Photo courtesy of inzoloto.ru
Kazakhstan’s National Bank invests heavily into gold

Kazakhstan’s National Bank has been steadily increasing its gold reserves over the past few years.

Kazakhstan’s National Bank invests heavily into gold
©RIA Novosti
Saxo Bank makes Kazakh tenge and oil forecasts

Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.

Saxo Bank makes Kazakh tenge and oil forecasts
©Tengrinews
Inflation in Kazakhstan makes 13.6% in 2015

Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.

Inflation in Kazakhstan makes 13.6% in 2015
©Tengrinews
Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
©Turar Kazangapov
Inflation in Kazakhstan nears 13%, central bank admits

Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

Inflation in Kazakhstan nears 13%, central bank admits
Photo © REUTERS
Pegging or no pegging: tenge in new monetary policy

Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.

Pegging or no pegging: tenge in new monetary policy
Photo courtesy of Akorda press office
Nazarbayev visits Qatar to foster investemnts and relations between countries

President of Kazakhstan Nursultan Nazarbayev visited Doha, Qatar.

Nazarbayev visits Qatar to foster investemnts and relations between countries
Daniar Akishev. Photo  © Turar Kazangapov
National Bank's Governor post is risky business

The resignation of Kairat Kelimbetov from the post of the National Bank governor and a prompt appointment of Daniyar Akishev have raised conflicting feelings both in the media and among general public.

National Bank's Governor post is risky business
Photo © Turar Kazangapov
Depreciation of tenge caused by appointment of National Bank's new Governor?

According to experts, appointment of Daniyar Ashirov as New Governor plunged the national currency into the feared 300 KZT to $1 zone.

Depreciation of tenge caused by appointment of National Bank's new Governor?
Turar Kazangapov ©
Central Bank Governor on tenge prospects

The exchange rate reflects the current external factors such as the exchange rate of the Russia’s rouble and the current state of the Russia’s and China’s economies: Central bank Governor Daniyar Akishev.

Central Bank Governor on tenge prospects
Bolat Zhamishev ©ortcom.kz
Chairman of Development Bank of Kazakhstan on public trust in tenge

Kazakhstanis will trust tenge only when they understand reasons behind exchange rate fluctuations: Chairman of Kazakhstan Development Bank.

Chairman of Development Bank of Kazakhstan on public trust in tenge
Akorda.kz ©
President Nazarbayev: the tenge is not facing something extraordinary

According to him, the national currency is just feeling the pressure of falling prices for hydrocarbons, which is natural.

President Nazarbayev: the tenge is not facing something extraordinary
Turar Kazangapov ©
Kazakhstan’s Central Bank on ongoing depreciation of the tenge

To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.

Kazakhstan’s Central Bank on ongoing depreciation of the tenge
Turar Kazangapov ©
Kazakhstan’s Central Bank Governor on tenge prospects

We believe the current exchange rate of 277 tenge for USD1 reflects the true market value and is the one the country’s economy benefits from: Kairat Kelimbetov.

Kazakhstan’s Central Bank Governor on tenge prospects
Photo© Turar Kazangapov
Current tenge exchange rate is adequate: Kazakhstan central bank Governor

Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.

Current tenge exchange rate is adequate: Kazakhstan central bank Governor
©Turar Kazangapov
Kazakhstan National Bank raises base interest rate to 16%

The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.

Kazakhstan National Bank raises base interest rate to 16%
Kuat Kozhakhmetov. Photo coutresy of primeminister.kz
Why intervene with tenge free float?

Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.

Why intervene with tenge free float?
©azh.kz
Tenge depreciation concerns retirees

Chairman of Kazakhstan's National Bank Kairat Kelimbetov: pension funds are secure against inflation.

Tenge depreciation concerns retirees
Kairat Kelimbetov. RIA Novosti
Kazakhstan’s Central Bank Governor on interventions into FX market

Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.

Kazakhstan’s Central Bank Governor on interventions into FX market
Olzhas Khudaibergenov on currency interventions

Wednesday, September 16, the country’s Central Bank had to resort to currency interventions worth $114 million to sustain the tenge exchange rate.

Olzhas Khudaibergenov on currency interventions