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$3-3.5 billion of the National Oil Fund money may be injected into investment projects in 2013-2016 In his State of the Nation Address January 27, 2012, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.

27 февраля 2012

Kazakhstan’s National Bank becomes a member of the Islamic Financial Services Board (IFSB) The membership will enable the National Bank to rely on effective support of the Organization to introduce and regulate Islamic financial services in Kazakhstan.

23 февраля 2012

Prices for real estate in Almaty are not set to drop: Central Bank Governor In a separate statement he didn’t rule out a possibility of a single currency within the Common Economic Space within 8-10 years’ time.

21 февраля 2012

National Oil Fund assets to finance projects involving strategic investors: Central Bank Governor He also stressed that according to the National Bank’s estimates, in 2012 funds of the National Oil Fund may not be needed for such projects.

15 февраля 2012

Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.

14 февраля 2012

National Bank slashes key rate In April the key rate could be slashed even further if the inflation rate remains at the current level: National Bank’s Governor

14 февраля 2012

National Bank statistics Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.

07 февраля 2012

Samruk-Kazyna and National Bank refute possible merger of BTA with another bank Last week a number of media had reported that BTA might merge with another large bank.

18 января 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 января 2012

Commemorative coins issued in Kazakhstan prior to Kunayev anniversary: PHOTO Commemorative coins dedicated to one hundred anniversary of Dinmukhamed Kunayev, a Soviet public figure, were issued in Kazakhstan.

13 января 2012

PHOTO: Red 5,000 tenge banknote issued in Kazakhstan A newly-designed five thousand tenge banknote was issued in Kazakhstan on December 30, 2011.

10 января 2012

Individual retail deposit amount guaranteed by the state reaffirmed for 2012 This measures means that in case of a bank winding-up the Deposit Guarantee Fund (owned by the National Bank of Kazakhstan) will compensate each individual depositor for the lost savings within KZT 5 million.

09 января 2012

2011 gold and currency reserves announced Assets of the National Oil Fund as of the end of December totaled $43.693 billion, 41.04% up against the end of 2010.

09 января 2012

PHOTO: National Bank of Kazakhstan issued New Year coins The National Bank of Kazakhstan has issued the Year of Dragon commemorative coins with a nominal value of 500 tenge.

26 декабря 2011

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 декабря 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 ноября 2011

January – October net gold and currency reserves figures announced The figure made up $32.065 billion.

04 ноября 2011

National Bank issued Moose Head coin: Photo National Bank of Kazakhstan has issued Moose Head and Karaganda commemorative coins.

30 октября 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 октября 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 октября 2011

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