site.news_by_theme currency

Gregory Marchenko. ©Vladimir Dmitryev
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.

Speculative investors withdrew $3 billion from Kazakhstan in summer: Gregory Marchenko
REUTERS/Petr Josek Snr©
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.

January – August net gold and currency reserves figures announced
©REUTERS
Is the tenge stable?

Half of Kazakhstanis believe the national currency is stable.

Is the tenge stable?
Kairat Kelimbetov. By Yaroslav Radlovsky ©
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.

Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency
REUTERS/Petr Josek Snr©
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.

Aggregate gold and currency reserves of Kazakhstan 24.5% up since January
Gregory Marchenko. ©Vladimir Dmitryev
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.

Sales of foreign currency at currency exchange outlets on the rise: Central Bank Governor Gregory Marchenko
©Yaroslav Radlovskiy
Exchange rate will reach 142-144 tenge for US dollar in 2011

Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.

Exchange rate will reach 142-144 tenge for US dollar in 2011
Bissengali Tadjiyakov. Photo courtesy of gfss.kz
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.

Kazakhstan and China agree on currency swaps
Nursultan Nazarbayev. Photo courtesy of akorda.kz
President Nazarbayev signs agreement on concerted principles of currency policies

The agreement was signed in Moscow in December 2010 by the Customs Union states.

President Nazarbayev signs agreement on concerted principles of currency policies
National Bank. ©Vladimir Dmitryev
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%.

No immediate probability of currency devaluation in Kazakhstan: National Bank Deputy Chairman
Gregory Marchenko
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.

National Bank of Kazakhstan planning currency swap operations with China and Russia
REUTERS/Petr Josek Snr©
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%.

Gold and currency reserves grew by 31% in January-April to $36.4 billion
Photo courtesy of hozu.parlam.kz
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.

Kazakhstan’s Senate ratifies Agreement on concerted principles of currency policies