News about National Bank

Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.

18 February 2014

Single Pension Fund ensures safety of pension savings Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.

17 February 2014

Kazakhstan National Fund allocates $5.4 billion to support economy After the devaluation of tenge by 19% earlier this week, the National Fund of Kazakhstan decided to allocate $5.4 billion to support local business.

16 February 2014

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 February 2014

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 February 2014

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.

13 February 2014

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.

13 February 2014

Kazakhstan’s Central Bank Governor calls commoners to count their blessings I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.

12 February 2014

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20% Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.

12 February 2014

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

12 February 2014

Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan Today's devaluation of tenge in Kazakhstan has affected the work of the e-government website eGov.kz.

11 February 2014

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.

11 February 2014

Dollar explodes in Kazakhstan: 200 tenge per dollar Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.

11 February 2014

The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor The spread in currency exchange transactions should be no more than 2 tenge per each sold or bought US Dollar, Kairat Kelimbetov said.

11 February 2014

I only learned about tenge devaluation last night: Central Bank Governor There can’t have been any leaks as we only made the decision yesterday after the Stock Exchange trades were over: Kairat Kelimbetov.

11 February 2014

Currency devaluation in Kazakhstan The new exchange rate is expected at 185 tenge for 1USD (up from 155 tenge for 1 USD).

11 February 2014

Kazakhstan’s Central Bank Governor on Bitcoin Kazakhstan’s Finance Ministry views Bitcoin as a threat to the country’s banks.

04 February 2014

Kazakhstan Central Bank Governor on consumer loan rates and NPLs Kazakhstan Central Bank is negotiating with second-tier banks to reduce the NPLs figure down to 15% by January 1, 2015 from the current 35.8%.

03 February 2014

Kazakhstan banks to start transition to Basel III in 2015 Kazakhstan banks will start transitioning to Basel III standards starting from January 2015.

05 January 2014

Kazakhstan central bank to solve large denomination currencies exchange problem The National Bank of Kazakhstan is going to solve the problem of exchange of large denominations.

04 January 2014

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