January – August net gold and currency reserves figures announced
Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.
Is the tenge stable?
Half of Kazakhstanis believe the national currency is stable.
Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency
If we talk of some reserve currency in our region, it should be a basket of the China’s renminbi, the Russia’s rouble and the Kazakh tenge: Kelimbetov.
Aggregate gold and currency reserves of Kazakhstan 24.5% up since January
The figure made up $73.3 billion as of the end of June.
Sales of foreign currency at currency exchange outlets on the rise: Central Bank Governor Gregory Marchenko
According to him, the growing demand for foreign currencies was mostly driven by mass purchases of previously owned cars imported to Kazakhstan for the period of mild customs duty from July 1,2010 to July 1, 2011.
Exchange rate will reach 142-144 tenge for US dollar in 2011
Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.
Kazakhstan and China agree on currency swaps
According to National Bank’s Vice Chairman Bissengali Tadjiyakov, the measure is necessary given the robust growth of the bilateral trade turnover: the current figure stands at $20 billion and is set to triple by 2015.
President Nazarbayev signs agreement on concerted principles of currency policies
The agreement was signed in Moscow in December 2010 by the Customs Union states.
No immediate probability of currency devaluation in Kazakhstan: National Bank Deputy Chairman
Deputy Chairman of the National Bank Bissengali Tadjiyakov made the comments following Belarus devaluing its currency by 50%.
National Bank of Kazakhstan planning currency swap operations with China and Russia
Both the yuan and the ruble are growing more demanded to service external trade: Gregory Marchenko, Head of Kazakhstan’s National Bank.
Gold and currency reserves grew by 31% in January-April to $36.4 billion
In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
Kazakhstan’s Senate ratifies Agreement on concerted principles of currency policies
The sides undertake to pursue an economic policy to raise confidence in the national currencies of the Customs Union states.
