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site.news_by_theme devaluation

©RIA Novosti
Saxo Bank makes Kazakh tenge and oil forecasts

Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.

Saxo Bank makes Kazakh tenge and oil forecasts
©Tengrinews
Inflation in Kazakhstan makes 13.6% in 2015

Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.

Inflation in Kazakhstan makes 13.6% in 2015
©Tengrinews
Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
©Turar Kazangapov
Inflation in Kazakhstan nears 13%, central bank admits

Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

Inflation in Kazakhstan nears 13%, central bank admits
Oil price slump forces Azerbaijan to stop propping up currency
Oil price slump forces Azerbaijan to stop propping up currency

Energy-rich Azerbaijan, whose economy has been hit hard by falling oil prices, withdrew support Monday for its embattled currency and the manat plunged by nearly a third against the dollar.

Oil price slump forces Azerbaijan to stop propping up currency
©Reuters.com
Kazakh tenge depreciation doesn't help exporters

Kazakh tenge's depreciation has not helped the Kazakhtani producers to increase their export revenues, experts say.

Kazakh tenge depreciation doesn't help exporters
©Turar Kazangapov
Seven steps advised to Kazakhstan government after devaluation of national currency

National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.

Seven steps advised to Kazakhstan government after devaluation of national currency
Head of Development Bank of Kazakhstan Bolat Zhamishev. Photo © RIA Novosti
Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev

Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.

Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev
Photo © Turar Kazangapov
Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science

Teachers’ salaries will be increased by 20-50% depending on the qualifications.

Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science
©Turar Kazangapov
Nazarbayev urges exporters to sell dollars at home

After the devaluation of the Kazakh national currency tenge, Kazakhstan president asked exporters to sell dollars at the domestic market.

Nazarbayev urges exporters to sell dollars at home
Photo courtesy of gu-unpk.ru.
Making sense of Kazakhstan's decision to float tenge

Kazakhstan tenge plunged to its record low after the country floated it, renouncing the set corridor and adopting inflation targeting.

Making sense of Kazakhstan's decision to float tenge
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
©REUTERS
New devaluation in Kazakhstan?

Kazakhstani banks raise dollar-tenge exchange rate. People fear another devaluation of the currency. The Kazakh National Bank is silent.

New devaluation in Kazakhstan?
©Yaroslav Radlovsky
Experts comment on Kazakh National Bank expanding tenge-dollar pegged corridor

Experts comment on the latest expansion of the tenge to dollar exchange rate pegged corridor in Kazakhstan.

Experts comment on Kazakh National Bank expanding tenge-dollar pegged corridor
Photo © Turar Kazangapov
Nazarbayev dispels rumours of tenge devaluation

President Nursultan Nazarbayev has dispelled the rumours about a forthcoming devaluation of the tenge in Kazakhstan.

Nazarbayev dispels rumours of tenge devaluation
©Tengrinews
Kazakh banks may benefit from tenge devaluation: experts

Experts share their views on the possible implications of devaluation of the tenge for Kazakhstani banks.

Kazakh banks may benefit from tenge devaluation: experts
Bakytzhan Sagintayev. Photo courtey of ortcom.kz
Kazakhstan officially denies intent to restrict Russian imports

First Deputy Prime Minister of Kazakhstan has officially refuted the reports suggesting that the largest Central Asian economy was intending to ban or limit imports from Russia.

Kazakhstan officially denies intent to restrict Russian imports
©hitch.kz
Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev

With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.

Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev
Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research
It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar

Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.

It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar
Kairat Kelimbetov ©pm.kz
Kazakh National Bank Governor reiterates tenge stability

Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.

Kazakh National Bank Governor reiterates tenge stability