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Photo a courtesy of  mln.kz
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.

Devaluation in Kazakhstan: How black was Black Tuesday?
Marat Abilov ©
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.

Kazakhstan’s Central Bank Governor calls commoners to count their blessings
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.

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%
Kairat Kelimbetov.Marat Abilov©
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.

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation
Photo©Marat Abilov
Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan

Today's devaluation of tenge in Kazakhstan has affected the work of the e-government website eGov.kz.

Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan
Akim Akhmetzhan Esimov. Photo © Yaroslav Radlovsky
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.

Mayor of Almaty orders to keep prices down
Possible currency rate according to the bank officials. Photo  ©Tengrinews
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.

Dollar explodes in Kazakhstan: 200 tenge per dollar
Central Bank Governor Kairat Kelimbetov. ©pm.kz
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.

The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor
Central Bank Governor Kairat Kelimbetov. © Yaroslav Radlovsky
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.

I only learned about tenge devaluation last night: Central Bank Governor
Kazakhstan’s Central Bank. © Yaroslav Radlovsky
Currency devaluation in Kazakhstan

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

Currency devaluation in Kazakhstan
©REUTERS
Kazakhstan’s Central Bank Governor on Bitcoin

Kazakhstan’s Finance Ministry views Bitcoin as a threat to the country’s banks.

Kazakhstan’s Central Bank Governor on Bitcoin
© tengrinews.kz
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 Central Bank Governor on consumer loan rates and NPLs
Photo courtesy of kursiv.kz
Kazakhstan banks to start transition to Basel III in 2015

Kazakhstan banks will start transitioning to Basel III standards starting from January 2015.

Kazakhstan banks to start transition to Basel III in 2015
Kazakhstan's National Bank.  ©Yaroslav Radlovsky
Kazakhstan central bank to solve large denomination currencies exchange problem

The National Bank of Kazakhstan is going to solve the problem of exchange of large denominations.

Kazakhstan central bank to solve large denomination currencies exchange problem
©Marat Abilov
Mortgage loans are for rich people: Kazakhstan's central bank governor

Kairat Kelimbetov, Governor of the National Bank of Kazakhstan, believes that only rich people should obtain mortgage loans.

Mortgage loans are for rich people: Kazakhstan's central bank governor
©Yaroslav Radlovsky
Kazakhstan central bank suspends BTA Bank's currency exchange license

Kazakhstan National Bank has suspended the license of Kazakhstan-based BTA Bank for exchanging transactions of foreign currency cash.

Kazakhstan central bank suspends BTA Bank's currency exchange license
©tengrinews.kz
Central Bank Governor on expediency of the new 20,000-tenge note

Prices can go up pushed by high expectations of the currency devaluation. Let’s not hurry: Kairat Kelimbetov.

Central Bank Governor on expediency of the new 20,000-tenge note
Photo ©nationalbank.kz
National Bank issues new 1000 tenge

A new 1000 tenge bill was issued and put into circulation by the National Bank of Kazakhstan on December 12, 2013.

National Bank issues new 1000 tenge
Photo ©tengrinews.kz
Different photo of 20-thousand tenge bill

Tengrinews has got hold of another photo of the new 20-thousand tenge bill. It is different from the one demonstrated earlier, but matches the description of the source in minting industry.

Different photo of 20-thousand tenge bill
Central Bank Governor Kairat Kelimbetov. ©pm.kz
Kazakhstan’s President meets Central Bank Governor

The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues], increased by 7.4% since the start of the year, reaching $92.4 billion: Central Bank Governor.

Kazakhstan’s President meets Central Bank Governor