site.news_by_theme currency
Current tenge exchange rate is adequate: Kazakhstan central bank Governor
Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.
08 October 2015
Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik
Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.
01 October 2015
Kazakh tenge per US dollar exchange rate forecast
In September, the US dollar rate in Kazakhstan will fluctuate in the range of 265-295 tenge per one US dollar, according to Anna Bodrova.
25 September 2015
Why intervene with tenge free float?
Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.
25 September 2015
Kazakhstan’s Central Bank Governor on interventions into FX market
Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.
19 September 2015
In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance
Kazakh Minister of Finance Bakhyt Sultanov said that salaries of Kazakhstanis should not depend on tenge per dollar exchange rate.
18 September 2015
Kazakh central bank intervenes in FX market to stabilize tenge
The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.
17 September 2015
Olzhas Khudaibergenov on currency interventions
Wednesday, September 16, the country’s Central Bank had to resort to currency interventions worth $114 million to sustain the tenge exchange rate.
17 September 2015
Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev
Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.
08 September 2015
Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate
The part of the country’s FX and gold reserves spent earlier to maintain the tenge exchange rate [before the decision was taken August 20 to let the tenge float freely] was actually spent to bolster Russia’s economy: Halyk Bank Head.
03 September 2015
How new monetary policy will affect country’s banking system
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.
03 September 2015
Nazarbayev explains reasons for switching to floating exchange rate
Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.
24 August 2015
Nazarbayev urges exporters to sell dollars at home
After the devaluation of the Kazakh national currency tenge, Kazakhstan president asked exporters to sell dollars at the domestic market.
24 August 2015
Nazarbayev instructs National Bank to compensate tenge deposits
President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.
21 August 2015
Analysts on fair market exchange rate of USD to tenge
August 20 the country’s Central Bank renounced its policy of the set currency band, letting the national currency float freely.
21 August 2015
Kazakhstan’s PM Karim Massimov on further economic prospects
The Government will be rendering support to socially vulnerable groups of population. In the long run (…) it’s impossible to support all troubled industries out of taxpayers’ money: Karim Massimov.
20 August 2015
Kazakh currency falls 23 percent after switch to free-float
Energy-rich Kazakhstan announced it was abandoning its currency band for a free-floating exchange rate, in a move that triggered a 23-percent fall in the value of the tenge against the US dollar.
20 August 2015
PM Massimov on how Kazakhstan avoided default
From August 20 the National Bank and the Government have decided to implement a new monetary policy based on inflation targeting and to renounce the earlier practiced currency corridor.
20 August 2015
Kazakhstan central bank on why fixed currency exchange rate had to be renounced
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.
20 August 2015
Kazakhstan opts for floating exchange rate for its currency
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.
20 August 2015
Қазақша
Русский
English
+7 (777) 001 44 99
