site.news_by_theme National Bank
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 August 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 August 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 August 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 August 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 August 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 July 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 June 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 June 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 May 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 May 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 May 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 May 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 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