site.news_by_theme currency
New devaluation in Kazakhstan?
Kazakhstani banks raise dollar-tenge exchange rate. People fear another devaluation of the currency. The Kazakh National Bank is silent.
19 August 2015
China's long march to currency reform takes a step forward
China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.
14 August 2015
Loans in dollars are dangerous: head of Kazkom
Chairman of the Board of of Kazkommertsbank said that issuing and obtaining loans in dollars in Kazakhstan was dangerous.
27 July 2015
Economic slowdown expected in Central Asia in 2015: IMF
The newly published IMF report on economic prospects of the Caucasus and Central Asia is not very optimistic.
29 May 2015
Kazakhstan rules out possibility of single EEU currency
Kazakhstan has once again ruled out the possibility of adopting a single currency for the Eurasian Economic Union (EEU), despite the propositions of the President of Russia Vladimir Putin.
28 April 2015
Russia’s First Vice Prime Minister on currency union within Eurasian Economic Union
March 20, 2015, while meeting Presidents if Kazakhstan and Belarus, Russia’s President Vladimir Putin said the three countries had approached the issue of launching a currency union.
30 March 2015
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.
20 March 2015
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.
25 February 2015
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.
11 February 2015
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.
05 February 2015
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.
29 January 2015
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
24 January 2015
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.
22 December 2014
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.
22 December 2014
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.
17 December 2014
Central Bank of Kazakhstan issues new 1000 bill
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
16 December 2014
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.
15 December 2014
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.
03 December 2014
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.
11 November 2014
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.
09 November 2014