site.news_by_theme Tenge
35 people fined after anti-devaluation protests in Almaty
35 people were arrested during 2 days of protests in Almaty city. All of them got fined, except for one man who will spend 10 days in jail.
17 February 2014
Anti-devaluation protest in Almaty
Initially around 50 people gathered in front of the Republic Palace in Almaty. As time went by the number was nearing 200 people.
16 February 2014
Possible inflation risks: National Bank
In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.
15 February 2014
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev
The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev
14 February 2014
Mining companies applaud tenge devaluation in Kazakhstan
The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.
14 February 2014
Devaluation may create demand for 20,000 tenge bills in Kazakhstan
The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.
13 February 2014
Dedollarization of Kazakh mentality: Governor of National Bank
The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.
13 February 2014
Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation
Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.
13 February 2014
Devaluation in Kazakhstan: How black was Black Tuesday?
Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.
13 February 2014
10% hike: Air Astana on prices for air tickets
The 20% currency devaluation will have an impact on the company’s financial performance as 70% of sales are in the national currency, with 65% of expenses being in US Dollars: Erbol Ospanov.
13 February 2014
Kazakhstan’s Central Bank Governor calls commoners to count their blessings
I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.
12 February 2014
Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%
Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.
12 February 2014
Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan
Today's devaluation of tenge in Kazakhstan has affected the work of the e-government website eGov.kz.
11 February 2014
Mayor of Almaty orders to keep prices down
The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.
11 February 2014
Dollar explodes in Kazakhstan: 200 tenge per dollar
Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.
11 February 2014
20% hike: Big stores in Kazakhstan change prices amid tenge devaluation
Big stores in Kazakhstan are increasing their prices amid the devaluation of tenge.
11 February 2014
The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor
The spread in currency exchange transactions should be no more than 2 tenge per each sold or bought US Dollar, Kairat Kelimbetov said.
11 February 2014
I only learned about tenge devaluation last night: Central Bank Governor
There can’t have been any leaks as we only made the decision yesterday after the Stock Exchange trades were over: Kairat Kelimbetov.
11 February 2014
Currency devaluation in Kazakhstan
The new exchange rate is expected at 185 tenge for 1USD (up from 155 tenge for 1 USD).
11 February 2014
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