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How new monetary policy will affect country’s banking system Under such circumstances minor players of the market might opt for merging into bigger entities: Mr. Olzhas Khudaibergenov, Head of the Center for Macroeconomic Studies.

03 сентября 2015

Nazarbayev instructs National Bank to compensate tenge deposits President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.

21 августа 2015

Kazakhstan central bank on why fixed currency exchange rate had to be renounced Inflation targeting is another type of monetary policy that rests on the inflation rate in the mid run, rather than on the currency exchange rate: Kairat Kelimbetov.

20 августа 2015

Kazakhstan opts for floating exchange rate for its currency The National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.

20 августа 2015

Causes of tenge-dollar exchange rate spike unclear People in Kazakhstan wonder about the meaning of August 19 spike in tenge-dollar exchange rate, while the National Bank keeps silent.

20 августа 2015

Samruk Kazyna transfers 10% of KazMunaiGas stock to National Bank Samruk Kazyna has transfered 10% of KazMunaiGas stock to the National Bank of Kazakhstan.

06 августа 2015

Kazakhstan expands tenge to US dollar exchange rate corridor Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.

15 июля 2015

Kelimbetov comments on National Bank relocation to Astana Governor of the National Bank of Kazakhstan Kairat Kelimbetov has commented on relocation of the major financial institution from Almaty to Astana.

10 июня 2015

No drastic changes of the tenge exchange rate: Central Bank Governor Earlier President Nazarbayev declared that no devaluation of the tenge would happen right after the presidential elections, as it had been predicted earlier by some analysts.

03 июня 2015

Kazakhstan not to take Argentina’s path when walking away from excessive dollarization We are not taking measures Argentina once resorted to. For Argentina it was a forced step. We want to smoothly walk away from dollarization: Central Bank Governor.

25 мая 2015

Single Pension Fund to attract private companies for assets management Starting from next year, part of the assets will be managed by private companies (…) to develop the People’s IPO Program and take part in IPOs run by various companies. The National Bank will be responsible for investing into government securities: Central Bank Governor.

20 мая 2015

Central Bank Governor on National Oil Fund As of April 1, 2015 Kazakhstan’s international reserves stood at $98.8 billion, including $29.1 billion in gross gold and FX reserves of the Central Bank and $69.7 billion in assets of the National Oil Fund.

20 мая 2015

Kazakhstan Central Bank Governor on sanctions against Russia and integration efforts Kazakhstan’s stance is very clear: sanctions come and go, whereas long-term strategic partnerships are here to stay for a long time: Kairat Kelimbetov.

19 мая 2015

Kazakhstan is more upbeat over economic prospects amidst positive news from Russia We believe that with the current prices for oil standing at $55-60 per barrel, the Kazakhstan’s economy growth figure will stand at over 2% rather than at 1.5% (as was earlier estimated)”, Mr. Kelimbetov said.

19 мая 2015

Kazakhstan mulls limiting cash transactions for sole proprietors Kazakhstan mulls limiting cash transactions between sole proprietors to 1,000 MCI or 1,982,000 tenge ($10,667).

14 мая 2015

Nazarbayev dispels rumours of tenge devaluation President Nursultan Nazarbayev has dispelled the rumours about a forthcoming devaluation of the tenge in Kazakhstan.

29 апреля 2015

Kazakh deputy demands answers from National Bank for pension losses Kazakhstan MP asks the National Bank why 90 billion tenge ($484 million) were written off from pension accounts.

28 апреля 2015

Kazakhstan budget may lose $5 bln in revenues The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.

06 марта 2015

Kazakhstan’s Central Bank comes up with plan to reduce economy dollarization The plan for 2015-2016 was developed concertedly with the Government and seeks to ensure macroeconomic stability, develop cashless payments, reducing the shadow economy, and prioritize the national currency over foreign currencies.

04 марта 2015

Kazakh central bank to allocate $698 million to support mortgage programs The Central Bank emphasized the measure didn’t imply writing off debts and is targeted at making the mortgage conditions more affordable.

19 февраля 2015

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