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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.

06 June 2013

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%.

06 June 2013

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.

24 May 2013

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.

24 May 2013

Central Bank Governor on pension reforms According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

20 May 2013

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.

14 May 2013

Kazakhstan's balance $1.65 billion in black Kazakhstan's current accounts balance was $1.65 billion in surplus in January-March 2013.

08 May 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.

05 April 2013

Kazakhstan National Bank issues new 2,000-tenge note Kazakhstan National Bank has issued a newly redesigned 2,000-tenge banknote.

29 March 2013

Central Bank Governor believes it’s time local banks turned to external borrowing He reminded that the banking sector’s debt reached its peak back in 2007 making up $47 billion, whereas today the figure stands at $10.6 billion.

06 March 2013

To launch the single pension fund, amendments are to be introduced into 22 laws and 8 Codes: Central Bank Governor Should the amendments be passed in the autumn only, no consolidation could take place.

27 February 2013

Kazakhstan to retain inflation at 6-8 percent Kazakhstan National Bank has approved the Key Monetary Policies of Kazakhstan for 2013.

17 February 2013

National Bank Governor warns against dominance of public bodies reps in the Single Pension Fund Board According to him, in the long run the Government may need money to cover the budget deficit or finance some state-run projects and there might be a temptation to rely on pension savings.

07 February 2013

National Bank Governor on ways current pension funds could take They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.

07 February 2013

National Bank Governor on investing pension assets into infrastructure projects Pension savings are to be consolidated into a single pension fund by July 1, 2013.

07 February 2013

Gold coin dedicated to Asian Games sold for $60 thousand The National Bank of Kazakhstan released 20 thousand coins with a nominal value of 5 thousand, 500 and 100 tenge dedicated to the Asian Games.

01 February 2013

Kazakhstan boosting share of gold in gold and FX reserves According to National Bank Vice Governor Bissengali Tadzhiyakov, the share of gold in the country’s gold and FX reserves stands at 22% at the moment.

29 January 2013

National Bank of Kazakhstan launched online sales of commemorative coins Commemorative coins released by Kazakhstan's central bank mint can now be bought from the National Bank’s online shop.

29 January 2013

Current pension funds could be transformed into asset management companies: Central Bank Governor According to him, the Government is to hire an assessment company to fairly and independently evaluate the assets so that they could be bought out later on at a fair market value.

29 January 2013

National Bank refutes alleged resignation of its Governor Gregory Marchenko According to the Bank’s PR Department, Mr. Marchenko hasn’t filed and doesn’t plan to file in resignation before the tenure expires.

28 January 2013

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