site.news_by_theme currency

Yerbolat Dossayev. Photo courtesy of ortcom.kz
National Economy Minister on possibilities of currency devaluation

According to him, Kazakhstan’s Central Bank and the Government are thinking of preventive measures, trying to understand the prospects of the Russia's national currency.

National Economy Minister on possibilities of currency devaluation
©REUTERS
Kazakhstan people keep $18 billion at home: Central Bank Governor

Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.

Kazakhstan people keep $18 billion at home: Central Bank Governor
©Yaroslav Radlovsky
National Bank Governor's advisor refutes Kazakh currency devaluation rumors

Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.

National Bank Governor's advisor refutes Kazakh currency devaluation rumors
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing. ©Reuters/Petar Kujundzic
China signs yuan accords with France, Luxembourg

China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.

China signs yuan accords with France, Luxembourg
Australians lose $100 million in coins each year
Australians lose $100 million in coins each year

Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.

Australians lose $100 million in coins each year
Photo © Marat Abilov
Eurasian Union to stabilize Tenge: Kazakh minister Idrissov

The new Treaty establishing the Eurasian Economic Union raises concerns about stability of Kazakhstan's national currency, the tenge, among the representatives of foreign diplomatic missions in Astana.

Eurasian Union to stabilize Tenge: Kazakh minister Idrissov
Oil and Energy ministry Rafael Ramirez. ©Reuters/Jorge Silva
Venezuela to repay $2 bn of debt to local importers

Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.

Venezuela to repay $2 bn of debt to local importers
©REUTERS
Kazakhstan banks exposed to high forex risk: S&P

Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.

Kazakhstan banks exposed to high forex risk: S&P
First Vice PM refutes possibilities of a single currency within the Customs Union

According to him, the draft agreement [on launching the Single Economic Space to replace the Customs Union] has no clauses covering a single currency. Kazakhstan retains its national currency, the tenge.

First Vice PM refutes possibilities of a single currency within the Customs Union
Japan says Bitcoin not a currency, but taxable
Japan says Bitcoin not a currency, but taxable

Bitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit.

Japan says Bitcoin not a currency, but taxable
A man widely believed to be Bitcoin currency founder Satoshi Nakamoto. ©Reuters/David McNew
Man identified as Bitcoin creator denies involvement

A man named as being the enigmatic creator of Bitcoin on Thursday denied having a role in the virtual unit, telling reporters he was "not involved."

Man identified as Bitcoin creator denies involvement
Singapore world's costliest city: survey
Singapore world's costliest city: survey

The soaring cost of cars and utilities as well as a strong currency have made Singapore the world's most expensive city, toppling Tokyo from the top spot.

Singapore world's costliest city: survey
Warren Buffett. ©Reuters/Rebecca Cook
Buffett says bitcoin 'not a currency'

The Oracle of Omaha is not a believer in bitcoin.

Buffett says bitcoin 'not a currency'
MtGox opens call centre after $500m Bitcoin loss
MtGox opens call centre after $500m Bitcoin loss

The MtGox Bitcoin exchange, which last week sought bankruptcy protection in Japan, opened a helpline for anxious customers on Monday after unveiling a massive loss in a possible theft.

MtGox opens call centre after $500m Bitcoin loss
©Reuters/Pawel Kopczynski
Vietnam restricts use of Bitcoin

Vietnam has banned its banks from handling Bitcoins, saying the virtual currency is not legal tender in the communist nation.

Vietnam restricts use of Bitcoin
Bitcoin users to gather in Tokyo amid MtGox woes
Bitcoin users to gather in Tokyo amid MtGox woes

Bitcoin users in Tokyo will gather on Thursday for a meeting set to be dominated by the shuttering of the MtGox exchange amid claims of a multi-million dollar theft.

Bitcoin users to gather in Tokyo amid MtGox woes
© Yaroslav Radlovsky
BTA suspends lending operations in the wake of 20% currency devaluation

According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.

BTA suspends lending operations in the wake of 20% currency devaluation
©Reuters
Bitcoin is no way to avoid losses amid devaluation in Kazakhstan

Bitcoin is not a good way to save money for Kazakhstanis frantically trying to hedge themselves amid the 20% tenge devaluation.

Bitcoin is no way to avoid losses amid devaluation in Kazakhstan
Brothers Cameron (L) and Tyler Winklevoss. ©Reuters/Lucas Jackson
Winkdex: Winklevosses make their own Bitcoin index

Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

Winkdex: Winklevosses make their own Bitcoin index
Kazakhstan's President Nursultan Nazarbayev meets with Prime-Minister Serik Alhmetov and the Head of National Bank Kairat Kelimbetov. Photo courtesy of akorda.kz
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev

The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev