Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.
Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.
According to Mikhail Khazin, parity between the Russian ruble and the Kazakh tenge contributes to de-dollarization of trade between Kazakhstan and Russia.
In spite of a massive depreciation of the Kazakh tenge, further measure need to be taken to help the domestic manufacturers in Kazakhstan.
Kazakhstan's Prime Minister Karim Massimov described the implications of the Russian ruble's devaluation in fall 2014 for the Kazakh economy.
Russia's battered ruble sank to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.
President Nursultan Nazarbayev has dispelled the rumours about a forthcoming devaluation of the tenge in Kazakhstan.
Kazakhstani political scientist Dosym Satpayev points to the sanctions against Russia and the ruble trouble as having effect on exports and domestic production in Kazakhstan.
First Deputy Prime Minister of Kazakhstan has officially refuted the reports suggesting that the largest Central Asian economy was intending to ban or limit imports from Russia.
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.
President of Kazakhstan Nursultan Nazarbayev has declared it is time for domestic enterprises to search for new markets to sell their products instead of Russia.
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.
A Kazakh expert has suggested reintroducing customs borders with Russia to protect Kazakhstan against the negative dynamics in the Russian economy.
Strengthening of tenge against Russian ruble negatively affects industrial sectors of Kazakh economy, therefore National Chamber believes it is necessary to introduce trade barriers.
Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines.
The plunge of the ruble hasn't left only Russians shell shocked -- foreign workers from traders to maids are considering bailing outю
The Russian government has ordered state-controlled exporters to sell part of their foreign currency holdings.
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
Kazakh President Nazarbayev says anti-Russian sanctions do not directly affect Kazakhstan's economy, but all the additional developments are closely monitored.
The ruble rallied in early trading ahead of President Vladimir Putin's eagerly-awaited annual press-conference.
- Eurasian union
- National Bank
- Central Bank
- exchange rate
- Karim Massimov
- Nursultan Nazarbayev
- Central Asia
- air space
- Samruk Kazyna
- Vladimir Putin
- press conference