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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

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.

12 February 2015

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.

12 February 2015

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.

12 February 2015

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