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The design of 20000 tenge. Photo ©tengrinews.kz
20-thousand Kazakhstan Tenge bill unveiled

The design of a commemorative 20-thousand bill was presented to journalists.

20-thousand Kazakhstan Tenge bill unveiled
Chairman of the Statistics Agency of Kazakhstan Alikhan Smailov. ©pm.kz
Kazakhstan's GDP grows 5.7 percent

Kazakhstan's GDP in January-October 2013 has grown 5.8 percent in real terms.

Kazakhstan's GDP grows 5.7 percent
Central Bank Governor Kairat Kelimbetov. © Yaroslav Radlovsky
Central Bank HQ should be located in Astana: Governor

Should the decision be made to move the HQ, it will take 3-4 years to implement the decision.

Central Bank HQ should be located in Astana: Governor
Central Bank Governor Kairat Kelimbetov. © Yaroslav Radlovsky
Central Bank Governor not planning to change cities for sake of his new position

There’s a special entrance arranged for Mr. Kelimbetov, a special entry into the floor; a special team of guardsmen has been arranged to guard his floor and even a metal detector installed: an unidentified source.

Central Bank Governor not planning to change cities for sake of his new position
©REUTERS
Merger of Kazakhstan’s pension funds to be complete in H2 2014

Earlier Mr. Kelimbetov, the then Vice Prime Minister, said that all the pension savings should be consolidated into a single government-owned pension fund by July 1, 2013.

Merger of Kazakhstan’s pension funds to be complete in H2 2014
Gregory Marchenko. ©Yaroslav Radlovsky
Ex Central Bank Governor on his decision to quit

Since Kazakhstan gained independence, there have been 6 governors. President assured the Central Bank’s policy wouldn’t be changed: Gregory Marchenko.

Ex Central Bank Governor on his decision to quit
Gregory Marchenko. ©Yaroslav Radlovsky
Gregory Marchenko replaced with Kairat Kelimbetov as Central Bank Governor

Nursultan Nazarbayev elaborated that Mr. Marchenko had been relieved of duties for family reasons.

Gregory Marchenko replaced with Kairat Kelimbetov as Central Bank Governor
Photo courtesy of pm.kz
Kazakhstan Central Bank Governor Gregory Marchenko meets Zhou Xiaochuan, People's Bank of China Governor

One of the items on the agenda was mutual settlements in the Tenge, Kazakhstan’s currency, and the renminbi.

Kazakhstan Central Bank Governor Gregory Marchenko meets Zhou Xiaochuan, People's Bank of China Governor
©REUTERS
Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor

These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.

Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor
Governor of the National Bank of Kazakhstan Gregory Marchenko. ©Yaroslav Radlovskiy
It is best that Ablyazov is tried in Britain or France: Marchenko

t would be best if he is tried in Britain or France, but tried fairly and given the term he deserves, and that the country he is tried in makes sure that he serves the term he is given: Marchenko

It is best that Ablyazov is tried in Britain or France: Marchenko
Photo courtesy of wordpress.com
20% of the Single Pension Fund’s assets to be invested abroad

I am not sure the pension reform is complete before the end of the year: Central Bank Governor.

20% of the Single Pension Fund’s assets to be invested abroad
©REUTERS
Kazakhstan National Bank starts pegging tenge to fx basket

The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.

Kazakhstan National Bank starts pegging tenge to fx basket
National Bank ©Yaroslav Radlovsky
National Bank suspends licenses of three banks for currency exchange services

The three banks “had violated the country’s legislation on counteraction to laundering illicitly obtained income and interaction to financing of terrorism”.

National Bank suspends licenses of three banks for currency exchange services
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Central Bank Governor Marchenko on the rumors of currency devaluation

The spring time was quiet, with no such rumors around. Perhaps people have got bored. Unfortunately, in our country such rumors is a way to entertain oneself: Gregory Marchenko.

Central Bank Governor Marchenko on the rumors of currency devaluation
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor

Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.

Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor
©REUTERS
Depositors to play no role in managing pension savings: Central Bank Governor

The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.

Depositors to play no role in managing pension savings: Central Bank Governor
© tengrinews.kz
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note

The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.

Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note
Deputy chairman of Kazakhstan National Bank Bissengali Tadzhiyakov. Photo courtesy of diapazon.kz
Kazakhstan National Bank did not call to raise retirement age: vice-chairman

Marchenko expressed his opinion as a citizen and consultant: Bissengali Tadzhiyakov.

Kazakhstan National Bank did not call to raise retirement age: vice-chairman
Umut Shayahmetova, Halyk Bank Chairwoman of the Board. By Yaroslav Radlovsky
The Government needs up to $600 million to launch the single network of ATMs run by the Central Bank

Giving the network of ATMs and ATMs card business to the Central Bank the banks will have to lay off nearly 5 thousand people in the market: Halyk Bank Chairwoman of the Board.

The Government needs up to $600 million to launch the single network of ATMs run by the Central Bank
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Central Bank Governor on Kazakhstan’s foreign debt

In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.

Central Bank Governor on Kazakhstan’s foreign debt