News about currency

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.
24 November 2015 20:51
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.
18 November 2015 18:42
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.
18 November 2015 17:59
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.
17 November 2015 15:45
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.
13 November 2015 16:54
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 22:09
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 14:52
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 19:23
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 18:47
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 01:16
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 15:42
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 15:43
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 01:38
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 15:38
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 23:58
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 00:22
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 19:37
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 19:11
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 15:24
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 11:41
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