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.
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.
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.
Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.
Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
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.
Chinese Premier Li Keqiang expressed China’s readiness to build plants in Kazakhstan during the meeting of the Shanghai Cooperation in Astana.
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
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.
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.
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.
Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.
The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.
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.
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.
Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.
The dollar Friday climbed against other currencies following dovish comments from US and British central bankers and continued concern about the eurozone
Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.
- Eurasian union
- Samruk Kazyna
- Central Asia
- National Bank
- exchange rate
- Nursultan Nazarbayev
- Shanghai Cooperation Organization
- Central Bank
- US dollar