Kazakhstan’s PM Karim Massimov on further economic prospectsThe Government will be rendering support to socially vulnerable groups of population. In the long run (…) it’s impossible to support all troubled industries out of taxpayers’ money: Karim Massimov.
PM Massimov on how Kazakhstan avoided defaultFrom August 20 the National Bank and the Government have decided to implement a new monetary policy based on inflation targeting and to renounce the earlier practiced currency corridor.
Kazakhstan opts for floating exchange rate for its currencyThe 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.
New devaluation in Kazakhstan?Kazakhstani banks raise dollar-tenge exchange rate. People fear another devaluation of the currency. The Kazakh National Bank is silent.
New Chairman of Nurbank appointedChairman of the Management Board of Nurbank Kantar Orynbayev has voluntarily resigned, Deputy Chairman Saken Akhmetov replaced him.
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