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© Yaroslav Radlovsky
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.

Kazakhstan’s Central Bank Governor on national currency appreciation
©Yaroslav Radlovsky
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.

Rumors of second devaluation in Kazakhstan are speculations: experts
Photo © Marat Abilov
Dedollarization of Kazakh mentality: Governor of National Bank

The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

Dedollarization of Kazakh mentality: Governor of National Bank
Photo a courtesy of  mln.kz
Devaluation in Kazakhstan: How black was Black Tuesday?

Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

Devaluation in Kazakhstan: How black was Black Tuesday?
Akim Akhmetzhan Esimov. Photo © Yaroslav Radlovsky
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.

Mayor of Almaty orders to keep prices down
Venezuela limits access to dollars at official rate
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.

Venezuela limits access to dollars at official rate
© Yaroslav Radlovsky
National Bank’s Vice Governor assures the tenge will remain stable for years to come

According to him, “for the recent year the nation’s exports potential has grown 40%”.

National Bank’s Vice Governor assures the tenge will remain stable for years to come
©Yaroslav Radlovskiy
Exchange rate will reach 142-144 tenge for US dollar in 2011

Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.

Exchange rate will reach 142-144 tenge for US dollar in 2011