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©RIA Novosti
Saxo Bank makes Kazakh tenge and oil forecasts

Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.

Saxo Bank makes Kazakh tenge and oil forecasts
©Turar Kazangapov
Tenge slides 100% in 5 months; what next for Kazakhstan?

Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.

Tenge slides 100% in 5 months; what next for Kazakhstan?
©Inzoloto.ru
Interest rates on deposits in tenge raised in Kazakhstan

In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.

Interest rates on deposits in tenge raised in Kazakhstan
Kazakh Central Bank governor Daniyar Akishev ©Bloomberg.com
Kazakh central bank governor shares de-dollarization plans

The Governor of the National Bank of Kazakhstan Daniyar Akishev commented on the plan to de-dollarize the Kazakh economy.

Kazakh central bank governor shares de-dollarization plans
©Tengrinews
Inflation in Kazakhstan makes 13.6% in 2015

Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.

Inflation in Kazakhstan makes 13.6% in 2015
©Tengrinews
Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
©Turar Kazangapov
Inflation in Kazakhstan nears 13%, central bank admits

Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

Inflation in Kazakhstan nears 13%, central bank admits
Photo courtesy of kazakhembus.com
Russia moves forward with common currency for EEU despite Kazakhstan's opposition

Russia is considering a common unit of account and currency for the EEU, while Kazakhstan is not eager to move forward with this project.

Russia moves forward with common currency for EEU despite Kazakhstan's opposition
Photo © REUTERS
Pegging or no pegging: tenge in new monetary policy

Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.

Pegging or no pegging: tenge in new monetary policy
Yerbolat Dossayev ©Central Communiations Service under the President of the Republic of Kazakhstan
Kazakhstan revises 2015 inflation rate forecast

Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.

Kazakhstan revises 2015 inflation rate forecast
©Turar Kazangapov
Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion

According to Mikhail Khazin, parity between the Russian ruble and the Kazakh tenge contributes to de-dollarization of trade between Kazakhstan and Russia.

Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion
Photo © Turar Kazangapov
Depreciation of tenge caused by appointment of National Bank's new Governor?

According to experts, appointment of Daniyar Ashirov as New Governor plunged the national currency into the feared 300 KZT to $1 zone.

Depreciation of tenge caused by appointment of National Bank's new Governor?
Turar Kazangapov ©
Central Bank Governor on tenge prospects

The exchange rate reflects the current external factors such as the exchange rate of the Russia’s rouble and the current state of the Russia’s and China’s economies: Central bank Governor Daniyar Akishev.

Central Bank Governor on tenge prospects
©Turar Kazangapov
Tenge depreciation not enough to help Kazakh exporters

In spite of a massive depreciation of the Kazakh tenge, further measure need to be taken to help the domestic manufacturers in Kazakhstan.

Tenge depreciation not enough to help Kazakh exporters
Akorda.kz ©
President Nazarbayev: the tenge is not facing something extraordinary

According to him, the national currency is just feeling the pressure of falling prices for hydrocarbons, which is natural.

President Nazarbayev: the tenge is not facing something extraordinary
©Turar Kazangapov
Kazakh tenge's sharp fluctuations period over: opinion

According to Kazakhstani financial analyst Baitas Kurmanov, Kazakh tenge exchange rate has finally stabilized.

Kazakh tenge's sharp fluctuations period over: opinion
©Turar Kazangapov
Kazakh tenge real exchange rate down by 24.7% in 2015

National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.

Kazakh tenge real exchange rate down by 24.7% in 2015
Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle

According to German Deutsche Welle, sharp tenge depreciation caused some foreign workers, who came to Kazakhstan for better prospects, to consider going back home.

Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle
©Tengrinews
Russia-Kazakhstan exchange rate policy implications discussed in Astana

Kazakhstan's Prime Minister Karim Massimov described the implications of the Russian ruble's devaluation in fall 2014 for the Kazakh economy.

Russia-Kazakhstan exchange rate policy implications discussed in Astana
Turar Kazangapov ©
Kazakhstan’s Central Bank on ongoing depreciation of the tenge

To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.

Kazakhstan’s Central Bank on ongoing depreciation of the tenge