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.
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.
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.
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.
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.
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.
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.
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.
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
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.
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.
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.
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.
Central Bank of Kazakhstan issues new 1000 bill
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
Kazakhstan and China sign agreement on settlements in national currencies
Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.
Tenge devaluation cannot be ruled out in Kazakhstan: expert
Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.
Kazakhstan National Bank’s gold and FX reserves figure announced
Gold and FX reserves of the National Bank have grown by 15.8% since the start of the year.
Kazakhstan’s PM on efforts to overcome excessive dollarization
Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.
Kazakhstan developing new payment system: Central Bank Governor
“We want to come up with a payment system compatible with leading global payment systems”, he elaborated.
Central Bank Governor on situations in Russia and Kazakhstan
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.