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 Governor on tenge prospects
We believe the current exchange rate of 277 tenge for USD1 reflects the true market value and is the one the country’s economy benefits from: Kairat Kelimbetov.
Current tenge exchange rate is adequate: Kazakhstan central bank Governor
Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.
Kazakh tenge per US dollar exchange rate forecast
In September, the US dollar rate in Kazakhstan will fluctuate in the range of 265-295 tenge per one US dollar, according to Anna Bodrova.
Why intervene with tenge free float?
Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.
Kazakhstan’s Central Bank Governor on interventions into FX market
Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.
In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance
Kazakh Minister of Finance Bakhyt Sultanov said that salaries of Kazakhstanis should not depend on tenge per dollar exchange rate.
Kazakh central bank intervenes in FX market to stabilize tenge
The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.
Olzhas Khudaibergenov on currency interventions
Wednesday, September 16, the country’s Central Bank had to resort to currency interventions worth $114 million to sustain the tenge exchange rate.
Kazakhstani designer Kamila Kurbani releases tenge sweatshirts
Kazakhstani designer Kamila Kurbani has released a new collection of sweatshirts with tenge prints.
Seven steps advised to Kazakhstan government after devaluation of national currency
National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.
Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev
Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.
Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science
Teachers’ salaries will be increased by 20-50% depending on the qualifications.
Petrol follows tenge in free float: Kazakhstan government stops regulating prices
After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.
Kazakhstan to stop regulating prices for petrol
There should be a flexible pricing model given the ongoing volatility at the FX market: Vice PM Sagintayev.
Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate
The part of the country’s FX and gold reserves spent earlier to maintain the tenge exchange rate [before the decision was taken August 20 to let the tenge float freely] was actually spent to bolster Russia’s economy: Halyk Bank Head.
How new monetary policy will affect country’s banking system
Under such circumstances minor players of the market might opt for merging into bigger entities: Mr. Olzhas Khudaibergenov, Head of the Center for Macroeconomic Studies.
Nazarbayev explains reasons for switching to floating exchange rate
Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.
Nazarbayev urges exporters to sell dollars at home
After the devaluation of the Kazakh national currency tenge, Kazakhstan president asked exporters to sell dollars at the domestic market.
Experts comment on Kazakhstan's decision to abandon control of tenge
Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.
