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European problems are no longer dominant: Marchenko Gregory Marchenko answered the question whether the situation in Kazakhstan will be stable in 2012, considering the problems of the world market.

13 January 2012

Marchenko explained renewal of 5000 tenge banknote Renovation of 5000 tenge note is related to introduction of a new series of banknotes called Samruk.

13 January 2012

Central Bank Governor on a possible global crisis We are cautious when managing the assets and I believe the National Bank has been doing it with professionalism: Gregory Marchenko.

08 December 2011

Central Bank Governor calls for a more concerted currency policy within the Customs Union When speaking of the importance of a single policy, Mr. Marchenko pointed to the substantial difference in volatilities of national currencies of the Customs Union member states against the US Dollar.

09 November 2011

National Bank Governor reports to President Nazarbayev According to Mr. Marchenko, deposits are growing, with deposits shifting from the US Dollar to the tenge.

28 October 2011

National Bank to double the share of gold in gold and currency reserves When it comes to domestic demand, the Kazakhs have been more interested in silver, according to Mr. Marchenko.

22 October 2011

Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank According to him, with the current prices for commodities the tenge is posed to strengthen.

12 October 2011

Kazakhstan capable of maintaining stability of the national currency: Central Bank Head According to him, Kazakhstan’s exporters are in a better position than their Russian counterparts.

22 September 2011

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.

12 September 2011

National Bank to exercise preemptive right to buy out all produced gold for 2-3 years to come When commenting on the reasons behind the Bank’s decision to exercise its preemptive right to purchase Kazakhstan-produced gold, Mr. Marchenko pointed to lack of transparency in gold exports following the liberalization of the national market of precious metals.

08 September 2011

It’s a pity emerging nations couldn’t agree on single candidate for the IMF managing director: Gregory Marchenko According to him, if emerging nations don’t get prepared properly, the same thing may happen in 5 years’ time.

17 August 2011

Banks’ milder policies boost interest to retail loans: National Bank Governor Gregory Marchenko The interest is coupled with pent up demand.

11 July 2011

Salary raise for public sector employees may affect inflation: Kazakhstan’s National Bank Governor Gregory Marchenko Salaries of public sector employees have been raised by 30% since July 1.

11 July 2011

National Bank Governor Gregory Marchenko in favor of obligatory real estate insurance According to him, the reason why insurance schemes are not popular is mentality of public at large.

10 July 2011

I wouldn’t voice my thoughts on what I would do as IMF Head: National Bank Governor Gregory Marchenko According to Mr. Marchenko, “a degree from a Kazakhstan’s university is enough to be a successful financier”.

08 July 2011

Don’t put all eggs in one basket: National Bank Governor Gregory Marchenko According to him, it’s advisable to keep 50% of your savings in tenge with the other 50% kept in some other currency chosen at your own discretion.

08 July 2011

20-25% in the State Pension Accumulation Fund to be floated through People’s IPO As the National Bank Governor explained, the National Bank is to buy back the 10 per cent share from the European Bank of Reconstruction and Development (EBRD).

06 July 2011

Marchenko: Car prices will go down amid normal competition environment It is very good, when there is a competitive environment and that creation of the Customs Union facilitates the market expansion: Gregory Marchenko.

05 July 2011

Sales of foreign currency at currency exchange outlets on the rise: Central Bank Governor Gregory Marchenko According to him, the growing demand for foreign currencies was mostly driven by mass purchases of previously owned cars imported to Kazakhstan for the period of mild customs duty from July 1,2010 to July 1, 2011.

05 July 2011

Individual retail deposit amount guaranteed by the state to remain intact: Central Bank Chairman Starting from 2012 the amount was to be reduced from KZT 5 million ($34.2 thousand) to KZT 1 million ($6.8 thousand).

05 July 2011

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