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Central Bank Governor Kairat Kelimbetov. ©pm.kz
Kazakhstan's economic model always proves consistent: Kelimbetov

Kairat Kelimbetov, Governor of Kazakhstan's central bank, says that the economic model of Kazakhstan has proved its consistency every time.

Kazakhstan's economic model always proves consistent: Kelimbetov
©Reuters/Kai Pfaffenbach
Euro "too strong", says European Commission's Tajani

European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.

Euro "too strong", says European Commission's Tajani
China seeks world role for 'people's money'
China seeks world role for 'people's money'

With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.

China seeks world role for 'people's money'
'World's first' bitcoin ATM opens in Canada
'World's first' bitcoin ATM opens in Canada

Three young entrepreneurs have opened what they call the world's first ATM able to exchange bitcoins for any official currency.

'World's first' bitcoin ATM opens in Canada
Photo courtesy of press-service of the National Bank of Kazakhstan
National Bank releases 5 000 coin dedicated to tenge's 20th anniversary

The National Bank of Kazakhstan put into circulation two new commemorative silver coins of 500 and 5 000 tenge nominal value.

National Bank releases 5 000 coin dedicated to tenge's 20th anniversary
Kazakhstan President Nursultan Nazarbayev and President of China Xi Jinping. File photo of akorda.kz©
China suggests settlements in local currencies to Kazakhstan

Chinese President Xi Jinping suggested Kazakhstan to make payments in local currencies.

China suggests settlements in local currencies to Kazakhstan
©REUTERS
Kazakhstan National Bank starts pegging tenge to fx basket

The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.

Kazakhstan National Bank starts pegging tenge to fx basket
Brazil to spend $55 billion to defend sagging real
Brazil to spend $55 billion to defend sagging real

Markets and analysts cheered Friday after Brazil's central bank pledged $55 billion until year's end to prop up the sagging real while Latin America's biggest economy is showing weak growth.

Brazil to spend $55 billion to defend sagging real
National Bank ©Yaroslav Radlovsky
National Bank suspends licenses of three banks for currency exchange services

The three banks “had violated the country’s legislation on counteraction to laundering illicitly obtained income and interaction to financing of terrorism”.

National Bank suspends licenses of three banks for currency exchange services
APEC leaders' meeting. ©REUTERS/Sergei Karpukhin
APEC warns against currency devaluations, property bubble

Asia Pacific economies must refrain from competitive currency devaluations and are vulnerable to speculative buying in the housing market.

APEC warns against currency devaluations, property bubble
Photo courtesy of allthingsbitcoin.org
The bubble bursts on e-currency Bitcoin

Many saw it coming, but that didn't stop the Bitcoin bubble from bursting: after rising to dizzying heights, the digital currency suffered its first true crash this week.

The bubble bursts on e-currency Bitcoin
Venezuela's Economy Minister Jorge Giordani. ©REUTERS/Edwin Montilva
Venezuela move seen as currency devaluation

A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days.

Venezuela move seen as currency devaluation
Cyprus will not quit the euro, vows president
Cyprus will not quit the euro, vows president

President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.

Cyprus will not quit the euro, vows president
Venezuela plans new exchange for better dollar supply
Venezuela plans new exchange for better dollar supply

Venezuela is planning a complementary system to increase a supply of dollars hindered by strict currency control measures.

Venezuela plans new exchange for better dollar supply
Devaluation of bolivar expensive for some US firms
Devaluation of bolivar expensive for some US firms

The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.

Devaluation of bolivar expensive for some US firms
Photo courtesy of sc008.k12.sd.us
Venezuelans race to spend before devaluation

Venezuelans swamped stores on Tuesday to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 percent currency devaluation.

Venezuelans race to spend before devaluation
Venezuela devalues currency 32% against US dollar
Venezuela devalues currency 32% against US dollar

Venezuela said it was devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.

Venezuela devalues currency 32% against US dollar
Photo courtesy of rawstory.com
Oops! Norwegian maple leaf adorns new Canada $20 bill

The maple leaf shown on Canada's new $20 bills is from a Norway maple, which is not native to Canada, several botanists cited by Canadian media decried Friday.

Oops! Norwegian maple leaf adorns new Canada $20 bill
Tengrinews.kz stock photo
Russian Ruble lays claims on common currency role in Customs Union

Introduction of a common currency inside the Eurasian Economic Community that includes Kazakhstan, Russia and Belarus is irrelevant: Russian President's advisor.

Russian Ruble lays claims on common currency role in Customs Union
Photo courtesy of financeenquiry.com
Australia welcomes move to count Aussie as reserve currency

Australia hailed as an endorsement of its economic strength Wednesday IMF moves to count its dollar as a foreign reserve currency, though its central bank chief downplayed it as a technicality.

Australia welcomes move to count Aussie as reserve currency