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.
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.
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.
Kazakhstan President speaks of currency wars
The world is under a threat of currency wars: Nazarbayev.
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.
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.
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.
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.
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.
January – October net gold and currency reserves figures announced
The figure made up $32.065 billion.
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.
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.
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.
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.
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.
Is the tenge stable?
Half of Kazakhstanis believe the national currency is stable.
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.
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.
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.
Exchange rate will reach 142-144 tenge for US dollar in 2011
Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.
