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©Inzoloto.ru
Interest rates on deposits in tenge raised in Kazakhstan

In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.

Interest rates on deposits in tenge raised in Kazakhstan
Photo courtesy of tengrinews.kz
Nazarbayev instructs National Bank to compensate tenge deposits

President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.

Nazarbayev instructs National Bank to compensate tenge deposits
Single Pension Fund ©Turar Kazangapov
Kazakh Single Pension Fund considers new investment strategies

Single Pension Fund of Kazakhstan might soon allow its depositors to choose investment strategies.

Kazakh Single Pension Fund considers new investment strategies
©Tengrinews
Kazakhs bore into microcredits amid shortage of tenge in banks

Kazakhstanis are now increasingly relying on services of microfinance organisations due to the shortage of tenge in banks.

Kazakhs bore into microcredits amid shortage of tenge in banks
Photo courtesy of oilnews.kz
Kazakhstan’s Central Bank comes up with plan to reduce economy dollarization

The plan for 2015-2016 was developed concertedly with the Government and seeks to ensure macroeconomic stability, develop cashless payments, reducing the shadow economy, and prioritize the national currency over foreign currencies.

Kazakhstan’s Central Bank comes up with plan to reduce economy dollarization
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions

He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.

Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions
Photo ©REUTERS
Where the gold is in Kazakhstan?

IdeaLab has calculated the amount of gold reserves and mapped out the gold deposits in Kazakhstan.

Where the gold is in Kazakhstan?
Photo a courtesy of Capital Bank
TAIB Bank changes name to Capital Bank

TAIB Kazakh Bank has changed its name to Capital Bank Kazakhstan after changing hands.

TAIB Bank changes name to Capital Bank
Photo a courtesy of  mln.kz
Devaluation in Kazakhstan: How black was Black Tuesday?

Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

Devaluation in Kazakhstan: How black was Black Tuesday?
©REUTERS
Kazakhstan’s citizens keeping a total of $23.49 billion with Kazakhstan-based banks

The average deposit per Kazakhstani in the H1 2013 stood at $1209, $200 up against the indicator of the H1 2012.

Kazakhstan’s citizens keeping a total of $23.49 billion with Kazakhstan-based banks
Bank deposits of Kazakhstan residents exceed their salaries
Bank deposits of Kazakhstan residents exceed their salaries

Kazakhstan residents are saving more money on their bank accounts than they officially earn.

Bank deposits of Kazakhstan residents exceed their salaries
There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko
There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko

We don't see any deposits of Kazakhstan legal entities or individuals in Cyprus banks and our banks have no relations with Cyprus banks: Marchenko.

There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko
Cyprus launches banking overhaul as meltdown looms
Cyprus launches banking overhaul as meltdown looms

Cypriot politicians have until Monday to approve a "Plan B" bailout deal with the European Union and International Monetary Fund.

Cyprus launches banking overhaul as meltdown looms
Kazakhstan’s depositors keeping about $50 million with Cyprus banks
Kazakhstan’s depositors keeping about $50 million with Cyprus banks

Cyprus authorities suggested introducing a 6.75% non-recurrent tax on deposits under 100 000 Euro and a 9.9% tax on deposits exceeding that amount.

Kazakhstan’s depositors keeping about $50 million with Cyprus banks
President Nazarbayev. © Maksim Popov
Kazakhstan adopts state-supported education deposits

Depositing a certain amount in the name of their child, parents enjoy both the bank’s interest and a special premium from the government.

Kazakhstan adopts state-supported education deposits
©REUTERS
Japan to survey Pacific seabed for rare earth

Japan will launch a survey of its Pacific seabed, an official said Thursday, hoping to find rare earth deposits large enough to supply its high-tech industries and reduce its dependence on China.

Japan to survey Pacific seabed for rare earth
A piece of mineral. ©REUTERS
Zinc hungry China asks Canada to back giant mine

With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap -- but environmentalists and roving caribou stand in the way.

Zinc hungry China asks Canada to back giant mine
Photo courtesy of nnm.ru
Majilis approved law on state educational deposits

Kazakhstan Majilis approved a law to introduce a state educational deposits system in Kazakhstan.

Majilis approved law on state educational deposits
Photo courtesy of kursiv.kz
Kazakhstan residents have almost $32 billion on bank deposits

A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

Kazakhstan residents have almost $32 billion on bank deposits
Photo courtesy of flickr.com
Popigai: Russia's vast, untouched diamond crater

In the far north of Siberia, Russian scientists have stepped up research on a once-secret deposit of diamonds whose scale dwarfs anything ever discovered and could turn world markets "upside down".

Popigai: Russia's vast, untouched diamond crater