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©hitch.kz 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
Turar Kazangapov © No sharp changes of the tenge exchange rate: Central Bank Governor Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.
11 February 2015
Standard & Poor’s lowers Kazakhstan long-term ratings Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.
11 February 2015
Tengrinews.kz © Deposits denominated in foreign currencies 72% up in Kazakhstan Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.
05 February 2015
Photo courtesy of oppp.ru Kazakhstan’s Central Bank buying out all gold produced As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor: Minister for Investments.
28 January 2015
Kairat Kelimbetov ©pm.kz Kazakh National Bank Governor reiterates tenge stability Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
24 January 2015
Kairat Kelimbetov. Photo courtesy of ortcom.kz 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
©REUTERS 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
Photo ©  Tengrinews 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
Photo courtesy of mixednews.ru 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
New 1000 tenge bill. Photo © the Central Bank Central Bank of Kazakhstan issues new 1000 bill The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
16 December 2014
Photo courtesy of Bloomberg.com 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
©hitch.kz 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
©REUTERS 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
Kairat Kelimbetov ©pm.kz 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 Kairat Kelimbetov © pm.kz 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
©Tengrinews illustration 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
Yaroslav Radlovsky © 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
Photo courtesy of ortcom.kz 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
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