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.
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.
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.
Kazakhstan expands tenge to US dollar exchange rate corridor
Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.
Kazakh banks may benefit from tenge devaluation: experts
Experts share their views on the possible implications of devaluation of the tenge for Kazakhstani banks.
Head of Kazakh bank tags tenge deficit artificial
Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%”.
Exchange rate will reach 142-144 tenge for US dollar in 2011
Experts of BTA Analitika are expecting tenge to keep strengthening in 2011.