Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.
Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.
German Foreign Affairs Minister Steinmeier has called Kazakhstan an 'anchor of stability' in Central Asia but expressed worries that geopolitical situation in the region might affect economic cooperation between the two countries.
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
Governor of the National Bank of Kazakhstan has declared there was no reason to be worried about falling oil prices and West-Russia sanctions reciprocation.
According to him, Kazakhstan’s Central Bank and the Government are thinking of preventive measures, trying to understand the prospects of the Russia's national currency.
Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.
