site.news_by_theme currency

Indian currency notes. ©REUTERS
India's rupee at near 6-month-high on reform boost

The Indian rupee on Friday soared to its highest level against the dollar in almost six months after the embattled government pushed ahead with more measures to attract foreign investment.

India's rupee at near 6-month-high on reform boost
Protest, scuffles with police in Iran over currency crisis
Protest, scuffles with police in Iran over currency crisis

Scuffles broke out in central Tehran in the first sign of unrest over Iran's plunging currency, which has lost more than half its value since last week in a crisis Washington said is of its own making.

Protest, scuffles with police in Iran over currency crisis
Judgement day looms for euro
Judgement day looms for euro

When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.

Judgement day looms for euro
©REUTERS/Steve Marcus
Argentina imposes more restrictions on US dollars

Argentina has imposed another restriction on the sale of US dollars, barring travelers from purchasing them unless the dollar is the currency of their destination.

Argentina imposes more restrictions on US dollars
Euro stays weak in Asia after ECB disappointment
Euro stays weak in Asia after ECB disappointment

The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.

Euro stays weak in Asia after ECB disappointment
Indonesia's weakening rupiah raises concerns
Indonesia's weakening rupiah raises concerns

Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.

Indonesia's weakening rupiah raises concerns
Madiyar Kenzhebulat in BloGpost show
Kazakhstan Tenge will not be devalued: expert

An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.

Kazakhstan Tenge will not be devalued: expert
Central bank Governor Gregory Marchenko. Vladimir Dmitriyev ©
Volatility of the Russian rouble is not reflected on the Kazakh tenge

Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.

Volatility of the Russian rouble is not reflected on the Kazakh tenge
Mikhail Khazin. Photo by  Danial Okassov©
Common CES currency will be possible in 5 years

We will need a common currency in the course of development of our relations, but this has to be natural: expert.

Common CES currency will be possible in 5 years
Gregory Marchenko. ©Vladimir Dmitriyev
Customs Union may launch a common currency in 10-12 years: Central Bank Governor

According to him, it will take time for the Customs Union member states to work out common rules of the game.

Customs Union may launch a common currency in 10-12 years: Central Bank Governor
Nursultan Nazarbayev. Photo by Danial Okassov©
Kazakhstan President speaks of currency wars

The world is under a threat of currency wars: Nazarbayev.

Kazakhstan President speaks of currency wars
Gregory Marchenko. ©Vladimir Dmitriyev
It is prematurely to talk of a single currency within the Customs Union: Central Bank Governor

First of all, the member states would have to concert major macroeconomic parameters just like European nations did when formulating Maastricht criteria.

It is prematurely to talk of a single currency within the Customs Union: Central Bank Governor
Photo courtesy of deswal.ru
National Bank statistics

Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.

National Bank statistics
Photo courtesy of deswal.ru
2011 gold and currency reserves announced

Assets of the National Oil Fund as of the end of December totaled $43.693 billion, 41.04% up against the end of 2010.

2011 gold and currency reserves announced
Kazakhstan President Nursultan Nazarbayev. ©Maksim Popov
Eurasian Economic Union to opt for single currency: Nazarbayev

Kazakhstan President thinks that the Eurasian Economic Union will need a completely new single currency, different from the Rusian Ruble.

Eurasian Economic Union to opt for single currency: Nazarbayev
Gregory Marchenko. ©Vladimir Dmitriyev
Central Bank Governor calls for a more concerted currency policy within the Customs Union

When speaking of the importance of a single policy, Mr. Marchenko pointed to the substantial difference in volatilities of national currencies of the Customs Union member states against the US Dollar.

Central Bank Governor calls for a more concerted currency policy within the Customs Union
Photo courtesy of deswal.ru
January – October net gold and currency reserves figures announced

The figure made up $32.065 billion.

January – October net gold and currency reserves figures announced
Gregory Marchenko. ©Vladimir Dmitriyev
National Bank to double the share of gold in gold and currency reserves

When it comes to domestic demand, the Kazakhs have been more interested in silver, according to Mr. Marchenko.

National Bank to double the share of gold in gold and currency reserves
Gregory Marchenko. ©Vladimir Dmitryev
Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank

According to him, with the current prices for commodities the tenge is posed to strengthen.

Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank
Photo courtesy of deswal.ru
January – September net gold and currency reserves figures announced

Assets of the National Oil Fund as of the end of September stood at $40.018 billion.

January – September net gold and currency reserves figures announced