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.
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.
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.
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.
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
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.
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.
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.
Central Bank of Kazakhstan issues new 1000 bill
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
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.
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.
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.
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.
Sliding Ruble hurts Kazakhstan's exports to Russia
The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.
Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets
Governor of the National Bank of Kazakhstan has declared there was no reason to be worried about falling oil prices and West-Russia sanctions reciprocation.
IMF fights negative interest rates
The IMF announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging interest rates and deflation from major economies.
Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation
Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.
Dollar gains as eurozone concerns linger
The dollar Friday climbed against other currencies following dovish comments from US and British central bankers and continued concern about the eurozone
Russia's ruble hits new record low as oil price adds pressure
Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.
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.
