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Kairat Kelimbetov. Photo courtesy of primeminister.kz
Kazakh Central Bank Governor speaks tenge liquidity and de-dollarization

Governor of the National Bank of Kazakhstan Kairat Kelimbetov speaks about the state of the financial market in Kazakhstan and what the government will do about it.

Kazakh Central Bank Governor speaks tenge liquidity and de-dollarization
Kazakhstan to introduce ban on purchase of real estate and vehicles for cash: Central Bank Governor

These transactions should be made through a bank account so that the National Bank and tax authorities could see the payments, he elaborated.

Kazakhstan to introduce ban on purchase of real estate and vehicles for cash: Central Bank Governor
Tenge-denominated loans to be available soon: Kazakh Central Bank Governor

It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.

Tenge-denominated loans to be available soon: Kazakh Central Bank Governor
©hitch.kz
Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev

With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.

Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev
Turar Kazangapov ©
No sharp changes of the tenge exchange rate: Central Bank Governor

Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.

No sharp changes of the tenge exchange rate: Central Bank Governor
Standard & Poor’s lowers Kazakhstan long-term ratings
Standard & Poor’s lowers Kazakhstan long-term ratings

Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.

Standard & Poor’s lowers Kazakhstan long-term ratings
Tengrinews.kz ©
Deposits denominated in foreign currencies 72% up in Kazakhstan

Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.

Deposits denominated in foreign currencies 72% up in Kazakhstan
Photo courtesy of oppp.ru
Kazakhstan’s Central Bank buying out all gold produced

As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor: Minister for Investments.

Kazakhstan’s Central Bank buying out all gold produced
Kairat Kelimbetov ©pm.kz
Kazakh National Bank Governor reiterates tenge stability

Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.

Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan’s Central Bank Governor on tenge prospects

According to him, back in 2014 the country’ economy accumulated certain margin of safety. The country’s gold and FX reserves reached $102 billion, including $73 billion with the National Oil Fund.

Kazakhstan’s Central Bank Governor on tenge prospects
©REUTERS
Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold

Securities of 22 companies held by the Single Pension Fund of Kazakhstan now cost four times less then their nominal value.

Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold
Photo ©  Tengrinews
12th Islamic Financial Services Board summit in Almaty on May 19-21

The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21.

12th Islamic Financial Services Board summit in Almaty on May 19-21
Photo courtesy of mixednews.ru
Kazakhstan considers de-dollarizing its economy

Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.

Kazakhstan considers de-dollarizing its economy
New 1000 tenge bill. Photo © the Central Bank
Central Bank of Kazakhstan issues new 1000 bill

The Central Bank of Kazakhstan has issued a new 1000 tenge bill.

Central Bank of Kazakhstan issues new 1000 bill
Photo courtesy of Bloomberg.com
Kazakhstan and China sign agreement on settlements in national currencies

Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.

Kazakhstan and China sign agreement on settlements in national currencies
©hitch.kz
Tenge devaluation cannot be ruled out in Kazakhstan: expert

Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.

Tenge devaluation cannot be ruled out in Kazakhstan: expert
©REUTERS
Kazakhstan National Bank’s gold and FX reserves figure announced

Gold and FX reserves of the National Bank have grown by 15.8% since the start of the year.

Kazakhstan National Bank’s gold and FX reserves figure announced
Kazakhstan’s PM on efforts to overcome excessive dollarization

Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.

Kazakhstan’s PM on efforts to overcome excessive dollarization
Kairat Kelimbetov ©pm.kz
Kazakhstan developing new payment system: Central Bank Governor

“We want to come up with a payment system compatible with leading global payment systems”, he elaborated.

Kazakhstan developing new payment system: Central Bank Governor
Central Bank Governor Kairat Kelimbetov © pm.kz
Central Bank Governor on situations in Russia and Kazakhstan

According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.

Central Bank Governor on situations in Russia and Kazakhstan