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©REUTERS 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.
15 October 2014
©REUTERS 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.
15 October 2014
Photo courtesy of wgts.org 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.
09 October 2014
tengrinews © 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.
02 October 2014
Kairat Kelimbetov ©Yaroslav Radlovsky 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.
01 October 2014
Almaty. Photo courtesy of exclusive.kz 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.
26 September 2014
©Tengrinews file photo 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.
17 September 2014
tengrinews stock photo© 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.
11 September 2014
©REUTERS 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.
10 September 2014
© Yaroslav Radlovsky 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.
04 September 2014
Nimbali with Astana teammates. Photo ©REUTERS 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.
13 August 2014
©Yaroslav Radlovsky 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.
07 August 2014
© eff-com.ru Kazakhstan’s international reserves figure announced Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.
07 August 2014
Building of the Prosecutor General of Kazakhstan. © Turar Kazangapov Kazakhstan Prosecutor General warns devaluation rumors may lead to criminal liability General Prosecutor's Office of Kazakhstan warned about criminal responsibility for spreading rumors alleging national currency devaluation.
01 August 2014
©Yaroslav Radlovsky National Bank Governor's advisor refutes Kazakh currency devaluation rumors Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.
01 August 2014
© Tengrinews Kazakhstan to toughen monetary policies should pressure on Russian ruble persist Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.
01 August 2014
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz Central Bank Governor advises against borrowing According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
23 July 2014
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.
22 July 2014
Central Bank Governor on prices for real estate at the threshold of EXPO-2017 According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.
22 July 2014
Photo courtesy of akorda.kz Kazakhstan’s President meets Central Bank Governor According to the Central Bank Governor, the real GDP growth in the Q1 2014 stood at 3.8%.
10 July 2014
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