site.news_by_theme National Bank

Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.

Kazakhstan commemorative banknote with a nominal value of 10,000 tenge has been acknowledged The Banknote of the Year by IBNS.

Newly designed banknote with a nominal value of 10,000 tenge has been released in Kazakhstan.

US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.

Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.

Since the start of the year the net gold and FX reserves have grown by 19.93%.

According to him, it will take time for the Customs Union member states to work out common rules of the game.

In an interview for KazTag Agency early March Gregory Marchenko said that “raising the retirement age for women up to 63 y.o. is an issue of gender equality.

Earlier the Bank decided to set the key rate at 6.5% starting from April 1, which is the lowest rate ever.

The vehicle will be used to buy out bad loans not related to the real estate market: Central Bank Governor.

The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.

Kazakhmys corporation sold gold worth $115 million to Kazakhstan National Bank in the first quarter of 2012.

Should the toxic assets fund be successful, second tier banks will get rid of toxic assets worth $2 billion: Central Bank Governor.

Previously the key rate had been slashed February 14, 2012 from 7.5% to 7%.

The Government is developing an Islamic Finance Development Roadmap before 2020.

First of all, the member states would have to concert major macroeconomic parameters just like European nations did when formulating Maastricht criteria.

Kazakhstan National Bank is working on implementation of e-tenge electronic money system.

As of March 1, 2012 the Bank’s gold and currency reserves made up $35.352 billion, with the currency reserves standing at $30.072 billion.

The external conditions for Kazakhstan, a commodity exporter, are extremely favorable: Gregory Marchenko.

Karim Massimov signed a joint statement of Kazakhstan government and the National Bank on the economic policy in 2012.