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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 January 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 January 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 December 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 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

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

04 November 2011

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

30 October 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

Second wave of global crisis may have Kazakhstan spend $20 billion out of National Oil Fund: Gregory Marchenko A total of $10 billion out of the Fund was spent to combat the crisis of 2008-2010.

18 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

Over half of Kazakhstanies use bank cards The number of bank cards holders in Kazakhstan has reached 8.5 million people this year.

30 September 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

January – August net gold and currency reserves figures announced Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.

07 September 2011

PHOTO: National Bank issued Al-Farabi and Aldar-Kosse coins Kazakhstan National Bank issued Al-Farabi golden coin and Aldar Kosse silver coin.

06 September 2011

Kazakhstanis steadily shifting from cash to cards Most Kazakhstanis (86.4%) believe cashless payments have the future, according to a recent survey carried out by ISAS Agency on behalf of Visa.

02 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

National Bank forecasing food prices raise Kazakhstan National Bank is forecasting an increase of prices for fruits, vegetables, eggs, milk and meat products, clothes, shoes and some of public utilities in Q4 2011.

15 August 2011

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