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Turar Kazangapov ©
Vladimir Putin suggests considering currency union within Eurasian Economic Union

According to him, it’s easier to respond to external financial and economic threats and defend the common market if we all work shoulder to shoulder.

Vladimir Putin suggests considering currency union within Eurasian Economic Union
©Tengrinews illustration
Samruk-Kazyna limits forex transactions of its subsidiaries

Kazakh National Wealth Fund Samruk-Kazyna has ordered its subsidiaries to avoid making unnecessary foreign currency transactions to reduce pressure on the tenge exchange rate in Kazakhstan.

Samruk-Kazyna limits forex transactions of its subsidiaries
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
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
Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research
It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar

Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.

It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar
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
Photo © RIA Novosti
Kazakh National Fund grows despite drop in oil prices: Minister of Finance

Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.

Kazakh National Fund grows despite drop in oil prices: Minister of Finance
Persident Nazarbayev. STV TV Channel ©
Kazakhstan has sufficient reserves for the rainy day: President Nazarbayev

Let the people of Kazakhstan stay calm… we have action plans based on the oil price of $70, $60 and $40 per barrel (…) we do have reserves for the rainy day, he assured.

Kazakhstan has sufficient reserves for the rainy day: President Nazarbayev
Photo  © tengrinews.kz
China wants to build plants in Kazakhstan: Li Keqiang

Chinese Premier Li Keqiang expressed China’s readiness to build plants in Kazakhstan during the meeting of the Shanghai Cooperation in Astana.

China wants to build plants in Kazakhstan: Li Keqiang
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
Photo courtesy of cont.ws
Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds

Kazakh officials have responded to the remakrs of the chairman of the board of directors of Russia’s National Payment Council, who said that the EEU could see a ban on interstate transactions in dollars and euros.

Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds
One ruble. Photo courtesy of eer.ru
German Foreign Minisiter calls Kazakhstan Central Asian 'anchor of stability'

German Foreign Affairs Minister Steinmeier has called Kazakhstan an 'anchor of stability' in Central Asia but expressed worries that geopolitical situation in the region might affect economic cooperation between the two countries.

German Foreign Minisiter calls Kazakhstan Central Asian 'anchor of stability'
Photo © RIA Novosty
Russian ruble fall has little effect on Kazakhstan economy: IMF

Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.

Russian ruble fall has little effect on Kazakhstan economy: IMF
Information board with the ruble exchange rate in Moscow ©RIA Novosti
Sliding Ruble hurts Kazakhstan's exports to Russia

The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.

Sliding Ruble hurts Kazakhstan's exports to Russia
Photo courtesy of ortcom.kz
Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets

Governor of the National Bank of Kazakhstan has declared there was no reason to be worried about falling oil prices and West-Russia sanctions reciprocation.

Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets
IMF fights negative interest rates
IMF fights negative interest rates

The IMF announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging interest rates and deflation from major economies.

IMF fights negative interest rates
Photo courtesy of strategy2050.kz
Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation

Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.

Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation
©REUTERS
Dollar gains as eurozone concerns linger

The dollar Friday climbed against other currencies following dovish comments from US and British central bankers and continued concern about the eurozone

Dollar gains as eurozone concerns linger
Russia's ruble hits new record low as oil price adds pressure
Russia's ruble hits new record low as oil price adds pressure

Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.

Russia's ruble hits new record low as oil price adds pressure