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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 May 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 May 2015

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

29 April 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 April 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 March 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 March 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 February 2015

Kazakh Central Bank Governor speaks tenge liquidity and de-dollarization Governor of the National Bank of Kazakhstan Kairat Kelimbetov speaks about the state of the financial market in Kazakhstan and what the government will do about it.

15 February 2015

Kazakhstan to introduce ban on purchase of real estate and vehicles for cash: Central Bank Governor These transactions should be made through a bank account so that the National Bank and tax authorities could see the payments, he elaborated.

12 February 2015

Tenge-denominated loans to be available soon: Kazakh Central Bank Governor It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.

12 February 2015

Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.

12 February 2015

No sharp changes of the tenge exchange rate: Central Bank Governor Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.

11 February 2015

Standard & Poor’s lowers Kazakhstan long-term ratings Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.

11 February 2015

Deposits denominated in foreign currencies 72% up in Kazakhstan Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.

05 February 2015

Kazakhstan’s Central Bank buying out all gold produced As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor: Minister for Investments.

28 January 2015

Kazakh National Bank Governor reiterates tenge stability Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.

24 January 2015

Kazakhstan’s Central Bank Governor on tenge prospects According to him, back in 2014 the country’ economy accumulated certain margin of safety. The country’s gold and FX reserves reached $102 billion, including $73 billion with the National Oil Fund.

16 January 2015

Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold Securities of 22 companies held by the Single Pension Fund of Kazakhstan now cost four times less then their nominal value.

10 January 2015

12th Islamic Financial Services Board summit in Almaty on May 19-21 The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21.

07 January 2015

Kazakhstan considers de-dollarizing its economy Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.

29 December 2014

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