News about Tenge

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

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

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

Kazakhstan’s Central Bank moves to reduce dollarization of economy The share of tenge-denominated deposits decreased from 70.2% back in December 2012 to 62.6% in December 2013.

03 February 2014

Central Bank Governor on expediency of the new 20,000-tenge note Prices can go up pushed by high expectations of the currency devaluation. Let’s not hurry: Kairat Kelimbetov.

19 December 2013

National Bank issues new 1000 tenge A new 1000 tenge bill was issued and put into circulation by the National Bank of Kazakhstan on December 12, 2013.

17 December 2013

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