Oil prices and currency rates approach alarming levels for Kazakhstan
Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.
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.
Astana residents stocking up on dollars 'just in case'
Astana residents have been forming queues near currency exchange officer on Thursday.
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.
Drastic change in the world financial system required: Nazarbayev
There is a need to rethink the global financial system, the Kazakhstan president declared at the VII Astana Economic Forum.
Devaluation may create demand for 20,000 tenge bills in Kazakhstan
The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.
Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan
Today's devaluation of tenge in Kazakhstan has affected the work of the e-government website eGov.kz.
Mayor of Almaty orders to keep prices down
The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.
Dollar explodes in Kazakhstan: 200 tenge per dollar
Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.
Kazakhstan’s Central Bank moves to reduce dollarization of economy
The share of tenge-denominated deposits decreased from 70.2% back in December 2012 to 62.6% in December 2013.
Venezuela limits access to dollars at official rate
Venezuela said Wednesday it would allow only importers of high priority goods like food to buy dollars at the official rate, forcing others to pay nearly twice that.
Dollar gains on euro as new year opens
The dollar rose against the euro Thursday as investors pushed back into the greenback and sent US bond yields lower.
China seeks world role for 'people's money'
With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
Tenge bills more beautiful than new $100 banknotes
The new American $100 bill not as beautiful as Kazakhstan's tenge notes. Kazakhstan currency is "like the Meryl Streep of international bank notes": The Atlantic.
Dollar eases in Asia on Fed stimulus uncertainty
The dollar eased in Asia Tuesday amid uncertainty about the Federal Reserve's plans for its huge stimulus programme.
Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor
These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.
Venezuela plans new exchange for better dollar supply
Venezuela is planning a complementary system to increase a supply of dollars hindered by strict currency control measures.
Devaluation of bolivar expensive for some US firms
The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.
Venezuelans race to spend before devaluation
Venezuelans swamped stores on Tuesday to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 percent currency devaluation.
Venezuela devalues currency 32% against US dollar
Venezuela said it was devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.
