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©Turar Kazangapov
Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion

According to Mikhail Khazin, parity between the Russian ruble and the Kazakh tenge contributes to de-dollarization of trade between Kazakhstan and Russia.

Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion
©Turar Kazangapov
Tenge depreciation not enough to help Kazakh exporters

In spite of a massive depreciation of the Kazakh tenge, further measure need to be taken to help the domestic manufacturers in Kazakhstan.

Tenge depreciation not enough to help Kazakh exporters
©Turar Kazangapov
Kazakh tenge's sharp fluctuations period over: opinion

According to Kazakhstani financial analyst Baitas Kurmanov, Kazakh tenge exchange rate has finally stabilized.

Kazakh tenge's sharp fluctuations period over: opinion
©Turar Kazangapov
Kazakh tenge real exchange rate down by 24.7% in 2015

National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.

Kazakh tenge real exchange rate down by 24.7% in 2015
©Tengrinews
Russia-Kazakhstan exchange rate policy implications discussed in Astana

Kazakhstan's Prime Minister Karim Massimov described the implications of the Russian ruble's devaluation in fall 2014 for the Kazakh economy.

Russia-Kazakhstan exchange rate policy implications discussed in Astana
©Turar Kazangapov
Kazakh tenge per US dollar exchange rate forecast

In September, the US dollar rate in Kazakhstan will fluctuate in the range of 265-295 tenge per one US dollar, according to Anna Bodrova.

Kazakh tenge per US dollar exchange rate forecast
©azh.kz
Tenge depreciation concerns retirees

Chairman of Kazakhstan's National Bank Kairat Kelimbetov: pension funds are secure against inflation.

Tenge depreciation concerns retirees
Photo © Turar Kazangapov
Kazakh central bank intervenes in FX market to stabilize tenge

The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.

Kazakh central bank intervenes in FX market to stabilize tenge
©Turar Kazangapov
Nazarbayev explains reasons for switching to floating exchange rate

Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.

Nazarbayev explains reasons for switching to floating exchange rate
©REUTERS
Experts comment on Kazakhstan's decision to abandon control of tenge

Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.

Experts comment on Kazakhstan's decision to abandon control of tenge
Analysts on fair market exchange rate of USD to tenge

August 20 the country’s Central Bank renounced its policy of the set currency band, letting the national currency float freely.

Analysts on fair market exchange rate of USD to tenge
Turar Kazangapov ©
Kazakhstan opts for floating exchange rate for its currency

The National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.

Kazakhstan opts for floating exchange rate for its currency
©Tengrinews
Causes of tenge-dollar exchange rate spike unclear

People in Kazakhstan wonder about the meaning of August 19 spike in tenge-dollar exchange rate, while the National Bank keeps silent.

Causes of tenge-dollar exchange rate spike unclear
©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
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz.
Kazakhstan expands tenge to US dollar exchange rate corridor

Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.

Kazakhstan expands tenge to US dollar exchange rate corridor
©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
©Yaroslav Radlovsky
Head of Kazakh bank tags tenge deficit artificial

Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.

Head of Kazakh bank tags tenge deficit artificial
Photo courtesy of lsm.kz
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.

Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Turar Kazangapov ©
No sharp changes of the tenge exchange rate: Central Bank Governor

Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.

No sharp changes of the tenge exchange rate: Central Bank Governor
©Tengrinews file photo
Central bank cleans the house in Kazakhstan’s banking sector

Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.

Central bank cleans the house in Kazakhstan’s banking sector