Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
Kazakhstan considers de-dollarizing its economy
Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.
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.
Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds
Kazakh officials have responded to the remakrs of the chairman of the board of directors of Russia’s National Payment Council, who said that the EEU could see a ban on interstate transactions in dollars and euros.
Russian ruble fall has little effect on Kazakhstan economy: IMF
Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.
Sliding Ruble hurts Kazakhstan's exports to Russia
The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.
Dollar gains as eurozone concerns linger
The dollar Friday climbed against other currencies following dovish comments from US and British central bankers and continued concern about the eurozone
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.