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Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
Photo © Turar Kazangapov
Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik

Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.

Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik
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
Sabina Altynbekova with her family in the airport.
Sabina Altynbekova represents Kazakhstan at cultural exchange event in Vietnam

Kazakhstan’s volleyball player Sabina Altynbekova has taken part in a cultural exchange event in Vietnam.

Sabina Altynbekova represents Kazakhstan at cultural exchange event in Vietnam
©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
Tengrinews.kz file photo
Kazakh students meet Chinese President

200 students and professors of the Nazarbayev University have met with Chinese Chairman Xi Jinping on June 24, 2014 in Beijing.

Kazakh students meet Chinese President
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
©Yaroslav Radlovsky
Kazakhstan central bank suspends BTA Bank's currency exchange license

Kazakhstan National Bank has suspended the license of Kazakhstan-based BTA Bank for exchanging transactions of foreign currency cash.

Kazakhstan central bank suspends BTA Bank's currency exchange license
Photo © RIA Novosti
Czech national robbed in Astana

A citizen of the Czech Republic was robbed in Astana by three unemployed local men who were waiting for her near a currency exchange.

Czech national robbed in Astana
Protest, scuffles with police in Iran over currency crisis
Protest, scuffles with police in Iran over currency crisis

Scuffles broke out in central Tehran in the first sign of unrest over Iran's plunging currency, which has lost more than half its value since last week in a crisis Washington said is of its own making.

Protest, scuffles with police in Iran over currency crisis
Photo courtesy of inquisitr.com
Endangered languages get a Google protection plan

Google on Tuesday unveiled an online information exchange platform to try to give some extra lasting power to more than 3,000 endangered languages.

Endangered languages get a Google protection plan
VIDEO: Organizer of assault on exchange bureau’s money collector apprehended in Almaty

The criminal case on the recent assault over the exchange bureau’s money collector was solved in Almaty.

VIDEO: Organizer of assault on exchange bureau’s money collector apprehended in Almaty
Photo by Vladimir Dmitriyev©
Money collector robbed of $150 thousand in Almaty

$100 thousand and 7.4 million tenge have been lifted from a money collector of an exchange bureau in Almaty.

Money collector robbed of $150 thousand in Almaty
Nursultan Nazarbayev became an honored Professor of the Vietnam National University. ©Daniil Okasov
Kazakhstan and Vietnam universities will work together

President Nazarbayev gave a speech on modernization of Kazakhstan system of education and urged both countries to cooperate in this area.

Kazakhstan and Vietnam universities will work together
Gregory Marchenko. ©Vladimir Dmitryev
Speculative investors withdrew $3 billion from Kazakhstan in summer: Gregory Marchenko

According to him, the money had been invested to Kazakhstan’s instruments in February – May in hope for the tenge appreciation.

Speculative investors withdrew $3 billion from Kazakhstan in summer: Gregory Marchenko

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