site.news_by_theme National Bank
Under such circumstances minor players of the market might opt for merging into bigger entities: Mr. Olzhas Khudaibergenov, Head of the Center for Macroeconomic Studies.
President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.
Inflation targeting is another type of monetary policy that rests on the inflation rate in the mid run, rather than on the currency exchange rate: Kairat Kelimbetov.
The National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.
People in Kazakhstan wonder about the meaning of August 19 spike in tenge-dollar exchange rate, while the National Bank keeps silent.
Samruk Kazyna has transfered 10% of KazMunaiGas stock to the National Bank of Kazakhstan.
Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.
Governor of the National Bank of Kazakhstan Kairat Kelimbetov has commented on relocation of the major financial institution from Almaty to Astana.
Earlier President Nazarbayev declared that no devaluation of the tenge would happen right after the presidential elections, as it had been predicted earlier by some analysts.
We are not taking measures Argentina once resorted to. For Argentina it was a forced step. We want to smoothly walk away from dollarization: Central Bank Governor.
Starting from next year, part of the assets will be managed by private companies (…) to develop the People’s IPO Program and take part in IPOs run by various companies. The National Bank will be responsible for investing into government securities: Central Bank Governor.
As of April 1, 2015 Kazakhstan’s international reserves stood at $98.8 billion, including $29.1 billion in gross gold and FX reserves of the Central Bank and $69.7 billion in assets of the National Oil Fund.
Kazakhstan’s stance is very clear: sanctions come and go, whereas long-term strategic partnerships are here to stay for a long time: Kairat Kelimbetov.
We believe that with the current prices for oil standing at $55-60 per barrel, the Kazakhstan’s economy growth figure will stand at over 2% rather than at 1.5% (as was earlier estimated)”, Mr. Kelimbetov said.
Kazakhstan mulls limiting cash transactions between sole proprietors to 1,000 MCI or 1,982,000 tenge ($10,667).
President Nursultan Nazarbayev has dispelled the rumours about a forthcoming devaluation of the tenge in Kazakhstan.
Kazakhstan MP asks the National Bank why 90 billion tenge ($484 million) were written off from pension accounts.
The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.
The plan for 2015-2016 was developed concertedly with the Government and seeks to ensure macroeconomic stability, develop cashless payments, reducing the shadow economy, and prioritize the national currency over foreign currencies.
The Central Bank emphasized the measure didn’t imply writing off debts and is targeted at making the mortgage conditions more affordable.
- Central Bank
- Nursultan Nazarbayev
- exchange rate
- Central Asia
- Samruk Kazyna
- pension fund
- National Fund