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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.

09 November 2011

January – October net gold and currency reserves figures announced The figure made up $32.065 billion.

04 November 2011

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.

22 October 2011

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.

12 October 2011

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.

09 October 2011

Speculative investors withdrew $3 billion from Kazakhstan in summer: Gregory Marchenko According to him, the money had been invested to Kazakhstan’s instruments in February – May in hope for the tenge appreciation.

12 September 2011

January – August net gold and currency reserves figures announced Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.

07 September 2011

Is the tenge stable? Half of Kazakhstanis believe the national currency is stable.

17 August 2011

Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency If we talk of some reserve currency in our region, it should be a basket of the China’s renminbi, the Russia’s rouble and the Kazakh tenge: Kelimbetov.

05 August 2011

Aggregate gold and currency reserves of Kazakhstan 24.5% up since January The figure made up $73.3 billion as of the end of June.

07 July 2011

Sales of foreign currency at currency exchange outlets on the rise: Central Bank Governor Gregory Marchenko According to him, the growing demand for foreign currencies was mostly driven by mass purchases of previously owned cars imported to Kazakhstan for the period of mild customs duty from July 1,2010 to July 1, 2011.

05 July 2011

Exchange rate will reach 142-144 tenge for US dollar in 2011 Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.

18 June 2011

Kazakhstan and China agree on currency swaps According to National Bank’s Vice Chairman Bissengali Tadjiyakov, the measure is necessary given the robust growth of the bilateral trade turnover: the current figure stands at $20 billion and is set to triple by 2015.

14 June 2011

President Nazarbayev signs agreement on concerted principles of currency policies The agreement was signed in Moscow in December 2010 by the Customs Union states.

25 May 2011

No immediate probability of currency devaluation in Kazakhstan: National Bank Deputy Chairman Deputy Chairman of the National Bank Bissengali Tadjiyakov made the comments following Belarus devaluing its currency by 50%.

24 May 2011

National Bank of Kazakhstan planning currency swap operations with China and Russia Both the yuan and the ruble are growing more demanded to service external trade: Gregory Marchenko, Head of Kazakhstan’s National Bank.

10 May 2011

Gold and currency reserves grew by 31% in January-April to $36.4 billion In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.

05 May 2011

Kazakhstan’s Senate ratifies Agreement on concerted principles of currency policies The sides undertake to pursue an economic policy to raise confidence in the national currencies of the Customs Union states.

05 May 2011

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