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A 20,000 tenge bill. ©tengrinews.kz
Devaluation may create demand for 20,000 tenge bills in Kazakhstan

The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

Devaluation may create demand for 20,000 tenge bills in Kazakhstan
©Reuters
Devaluation may drive airline tickets up in Kazakhstan

Airlines are adjusting their ticket prices to the new exchange rate of the tenge.

Devaluation may drive airline tickets up in Kazakhstan
Photo © Marat Abilov
Dedollarization of Kazakh mentality: Governor of National Bank

The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

Dedollarization of Kazakh mentality: Governor of National Bank
©REUTERS
Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation

Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.

Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation
Marat Abilov ©
Kazakhstan’s Central Bank Governor calls commoners to count their blessings

I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.

Kazakhstan’s Central Bank Governor calls commoners to count their blessings
Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%

Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%
Kairat Kelimbetov.Marat Abilov©
Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation

My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation
Screen shot ©nationalbank.kz
Kazakhstan's central bank sets tenge exchange rate to 163.9 per $1, but no second-tier banks bother

Average weighted exchange rate of tenge against dollar equaled to 163.9 tenge per dollar.

Kazakhstan's central bank sets tenge exchange rate to 163.9 per $1, but no second-tier banks bother
Bely Veter store closed. ©Marat Abilov
20% hike: Big stores in Kazakhstan change prices amid tenge devaluation

Big stores in Kazakhstan are increasing their prices amid the devaluation of tenge.

20% hike: Big stores in Kazakhstan change prices amid tenge devaluation
Central Bank Governor Kairat Kelimbetov. ©pm.kz
The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor

The spread in currency exchange transactions should be no more than 2 tenge per each sold or bought US Dollar, Kairat Kelimbetov said.

The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor
IMF says no panic in emerging markets
IMF says no panic in emerging markets

The International Monetary Fund said Tuesday that there was no panic in emerging markets even as countries like India, Turkey and Argentina were facing sharp capital outflows and currency pressures.

IMF says no panic in emerging markets
Bitcoin Foundation Vice Chairman Charlie Shrem exits the Manhattan Federal Courthouse in New York January 27, 2014. ©Reuters/Lucas Jackson
Bitcoin dealers charged in US with money laundering

US authorities Monday filed criminal charges against two operators of a Bitcoin exchange, including the head of a company with high-profile investment backers.

Bitcoin dealers charged in US with money laundering
Venezuela limits access to dollars at official rate
Venezuela limits access to dollars at official rate

Venezuela said Wednesday it would allow only importers of high priority goods like food to buy dollars at the official rate, forcing others to pay nearly twice that.

Venezuela limits access to dollars at official rate
Las Vegas casinos begin accepting Bitcoin

Two Las Vegas casinos will become the city's first to accept the Bitcoin virtual currency from this week.

Las Vegas casinos begin accepting Bitcoin
NBA's Kings to accept Bitcoin for tickets
NBA's Kings to accept Bitcoin for tickets

US basketball outfit the Sacramento Kings said Thursday they would begin accepting Bitcoin, the first professional sports team to accept the virtual currency.

NBA's Kings to accept Bitcoin for tickets
Kazakhstan's National Bank.  ©Yaroslav Radlovsky
Kazakhstan central bank to solve large denomination currencies exchange problem

The National Bank of Kazakhstan is going to solve the problem of exchange of large denominations.

Kazakhstan central bank to solve large denomination currencies exchange problem
©Yaroslav Radlovsky
Kazakhstan central bank suspends BTA Bank's currency exchange license

Kazakhstan National Bank has suspended the license of Kazakhstan-based BTA Bank for exchanging transactions of foreign currency cash.

Kazakhstan central bank suspends BTA Bank's currency exchange license
Chinese investors look to mine Bitcoin volatility
Chinese investors look to mine Bitcoin volatility

Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

Chinese investors look to mine Bitcoin volatility
©bitcoin-square.com
Bitcoin may threaten Kazakhstan's financial stability: Dalenov

Bitcoin currency may be a threat to the financial system of Kazakhstan: Kazakhstan Vice-Minister of Finance Ruslan Dalenov.

Bitcoin may threaten Kazakhstan's financial stability: Dalenov
Le Luong Minh (L), secretary-general of ASEAN, shakes hands with Japan's Prime Minister Shinzo Abe. ©Reuters/Yoshikazu Tsuno
Japan, SE Asia in talks to expand currency swap

Japan and Southeast Asian countries are in talks over expanding currency swap arrangements to help cushion their economies in financial emergencies, an official said Thursday, ahead of a Japan-ASEAN summit next week.

Japan, SE Asia in talks to expand currency swap