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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

Central Bank of Kazakhstan issues new 1000 bill The Central Bank of Kazakhstan has issued a new 1000 tenge bill.

16 December 2014

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.

15 December 2014

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.

10 December 2014

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.

02 December 2014

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.

26 November 2014

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.

13 November 2014

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”.

10 November 2014

Summit of Islamic Financial Services Council to be held in Kazakhstan next year Governor of the National Bank of Kazakhstan has declared that the summit of the Council for Islamic Financial Services will be held in Almaty in 2015. He also spoke about the future of Islamic finance in Kazakhstan.

08 November 2014

IMF on inflation rate in Kazakhstan Earlier the country’s Central Bank reported that the annual inflation rate as of the end of July stood at 7%.

04 November 2014

Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets Governor of the National Bank of Kazakhstan has declared there was no reason to be worried about falling oil prices and West-Russia sanctions reciprocation.

31 October 2014

Kazakhstan National Bank official explains Single Pension Fund losses Advisor to the governor of the National Bank of Kazakhstan talks about pension fund losses as of September and the benefits of National Bank managing the Single Pension Fund.

30 October 2014

National Bank of Kazakhstan defends pension assets' investment into second tier banks The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.

29 October 2014

Central Bank Governor on Toxic Assets Fund According to him, the money will only be provided to banks that have accumulated the most of NPLs. Kazkommertsbank and BTA to be shortly merged are among them as they jointly account for 62% of NPLs in the banking sector.

29 October 2014

Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.

22 October 2014

Kazakhstan’s Central Bank Governor on possible currency devaluation “I believe spreading rumors is the way devaluation expectations are being intensified artificially (…) all those voicing their estimates and forecasts should be aware of their responsibility”, he said.

21 October 2014

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