Russia moves forward with common currency for EEU despite Kazakhstan's opposition
Russia is considering a common unit of account and currency for the EEU, while Kazakhstan is not eager to move forward with this project.
Pegging or no pegging: tenge in new monetary policy
Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.
National Bank's Governor post is risky business
The resignation of Kairat Kelimbetov from the post of the National Bank governor and a prompt appointment of Daniyar Akishev have raised conflicting feelings both in the media and among general public.
Depreciation of tenge caused by appointment of National Bank's new Governor?
According to experts, appointment of Daniyar Ashirov as New Governor plunged the national currency into the feared 300 KZT to $1 zone.
Chairman of Development Bank of Kazakhstan on public trust in tenge
Kazakhstanis will trust tenge only when they understand reasons behind exchange rate fluctuations: Chairman of Kazakhstan Development Bank.
Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle
According to German Deutsche Welle, sharp tenge depreciation caused some foreign workers, who came to Kazakhstan for better prospects, to consider going back home.
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.
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.
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.
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.
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.
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.
Kazakh central bank intervenes in FX market to stabilize tenge
The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.
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.
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.
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.
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.
Nazarbayev explains reasons for switching to floating exchange rate
Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.
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.
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.
