site.news_by_theme devaluation
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.
29 January 2015
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
24 January 2015
Tenge devaluation cannot be ruled out in Kazakhstan: expert
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.
10 December 2014
German Foreign Minisiter calls Kazakhstan Central Asian 'anchor of stability'
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.
11 November 2014
Central Bank Governor on situations in Russia and Kazakhstan
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
10 November 2014
Government debt in Kazakhstan exceeds pre-devaluation mark
Latest data provided by Kazakhstan Stock Exchange suggests that the government debt in Kazakhstan now exceeds its pre-devaluation level.
31 October 2014
Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets
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.
31 October 2014
Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation
Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.
22 October 2014
National Economy Minister on possibilities of currency devaluation
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.
09 October 2014
Russian ruble hits historic low against dollar
The Russian ruble fell on Monday to a historic low against the dollar after the West imposed fresh sanctions over Ukraine.
15 September 2014
Kazakhstan people keep $18 billion at home: Central Bank Governor
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.
10 September 2014
Devaluation vs revaluation of Tenge: Kazakhstan keeps fingers crossed
Kazakhstan awaits 'a new decision' about the tenge exchange rate, fears a new devaluation and keeps its fingers crossed.
05 September 2014
Kazakhstan’s Central Bank Governor on national currency appreciation
The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.
04 September 2014
National Bank able to maintain tenge exchange rate for at least one year: expert
Tengrinews asked several experts about their opinions on the risks related to Kazakhstan's national currency - the tenge.
07 August 2014
Largest bank in Kazakhstan experiencing cash withdrawals increase in wake of recent devaluation rumors
Pressure on Kazkommertsbank’s ATM machines has increased by 15% due to devaluation rumors.
04 August 2014
Astana residents stocking up on dollars 'just in case'
Astana residents have been forming queues near currency exchange officer on Thursday.
01 August 2014
Kazakhstan Prosecutor General warns devaluation rumors may lead to criminal liability
General Prosecutor's Office of Kazakhstan warned about criminal responsibility for spreading rumors alleging national currency devaluation.
01 August 2014
National Bank Governor's advisor refutes Kazakh currency devaluation rumors
Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.
01 August 2014
Rumors of second devaluation in Kazakhstan are speculations: experts
Financial experts have shared their opinions about the possibility of devaluation of the Tenge, Kazakh national currency.
01 August 2014
Central Bank Governor on possible second wave of currency devaluation
Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.
02 June 2014