Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor
These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.
It is best that Ablyazov is tried in Britain or France: Marchenko
t would be best if he is tried in Britain or France, but tried fairly and given the term he deserves, and that the country he is tried in makes sure that he serves the term he is given: Marchenko
20% of the Single Pension Fund’s assets to be invested abroad
I am not sure the pension reform is complete before the end of the year: Central Bank Governor.
Kazakhstan National Bank starts pegging tenge to fx basket
The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.
National Bank suspends licenses of three banks for currency exchange services
The three banks “had violated the country’s legislation on counteraction to laundering illicitly obtained income and interaction to financing of terrorism”.
Central Bank Governor Marchenko on the rumors of currency devaluation
The spring time was quiet, with no such rumors around. Perhaps people have got bored. Unfortunately, in our country such rumors is a way to entertain oneself: Gregory Marchenko.
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor
Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.
Depositors to play no role in managing pension savings: Central Bank Governor
The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note
The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.
Kazakhstan National Bank did not call to raise retirement age: vice-chairman
Marchenko expressed his opinion as a citizen and consultant: Bissengali Tadzhiyakov.
The Government needs up to $600 million to launch the single network of ATMs run by the Central Bank
Giving the network of ATMs and ATMs card business to the Central Bank the banks will have to lay off nearly 5 thousand people in the market: Halyk Bank Chairwoman of the Board.
Central Bank Governor on Kazakhstan’s foreign debt
In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.
Toxic Assets Fund has been slow to buy out toxic assets: Central Bank Governor
Kazakhstan’s banks should sell their NPLs at a reasonable discount (…) they had better not concentrate on such NPLs; let the Toxic Assets Fund deal with them: Gregory Marchnko.
Central Bank Governor on devaluation of the national currency, the Tenge
According to him, since February 2009 the Tenge has grown against the Dollar by 12%.
Legislation on the single chain of ATMs run by the Central Bank to be drafted by July 1: Central Bank Governor
I believe we should work out an option acceptable for most of the country’s banks: Gregory Marchenko.
Kazakhstan’s Central Bank Governor on single currency within Customs Union
It could take us a decade if we build on the Eurozone experience, he believes.
Central Bank Governor on pension reforms
According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.
Kazakhstan might launch a single system of ATMs operated by the Central Bank
According to Gregory Marchenko, the Central Bank Governor, the suggested single system of ATMs will enable to cut down the service fee twofold as compared to the current average rate.
Kazakhstan's balance $1.65 billion in black
Kazakhstan's current accounts balance was $1.65 billion in surplus in January-March 2013.
Kazakhstan's Q1 gold and FX reserves announced
The National Oil Fund’s assets as of April 1, 2013 stood at $59.806, 3.53% up against the start of the year.