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.
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%.
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.
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.
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.
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.
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.
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.
Mobile phones to be used to make payments
The new legislation will cover new types of payments. It will set a legal framework for mobile carriers to make payments, using the subscribers’ accounts: Central Bank official.
Kazakhstan’s financial institutions banned from using Bitcoin
There is a tough national legislation to counteract money laundering and banks are not allowed to service transactions involving unidentified parties: Central Bank representative.
National payment system in Kazakhstan unfeasible: experts
Amidst sanctions standoff between the West and Russia, Kazakhstan is concerned with the lack of its own payment system. Experts comment on possibilities and limitations in introducing such a system.
Kazakhstan’s ex Central Bank Governor on e-money
According to Mr. Marchenko, member states of the Customs Union are excessively dependent on foreign payment systems, with introduction of e-currencies by large Western corporations posing a threat to the national security.
Kazakhstan to face West vs Russia sanctions with investments: Kelimbetov
Governor of the National Bank of Kazakhstan shared how Kazakhstan was going to respond to the sanction wars of the West and Russia.
Almaty improves standing as world financial center in latest ranking
Kazakhstan's Almaty has improved its position in The Global Financial Centres Index surpassing Prague, Warsaw and Moscow.
Central bank cleans the house in Kazakhstan’s banking sector
Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
Kazakhstan-based banks obliged to keep equity capital inside the country
According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
Kazakhstan people keep $18 billion at home: Central Bank Governor
Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.
Kazakhstan’s Central Bank Governor on national currency appreciation
The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.
Nibali showcases superiority over opponents at Tour de France: Kelimbetov
The head of Cycling Federation Kairat Kelimbetov summurized ProTeam Astana's performance at the Tour de France.
National Bank able to maintain tenge exchange rate for at least one year: expert
Tengrinews asked several experts about their opinions on the risks related to Kazakhstan's national currency - the tenge.