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Turar Kazangapov ©
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.

Kazakhstan’s Central Bank Governor on tenge prospects
Photo© Turar Kazangapov
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.

Current tenge exchange rate is adequate: Kazakhstan central bank Governor
©Turar Kazangapov
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.

Kazakh tenge per US dollar exchange rate forecast
Kuat Kozhakhmetov. Photo coutresy of primeminister.kz
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.

Why intervene with tenge free float?
Kairat Kelimbetov. RIA Novosti
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.

Kazakhstan’s Central Bank Governor on interventions into FX market
Minister of Finance Bakhyt Sultanov. Photo © Turar Kazangapov
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.

In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance
Photo © Turar Kazangapov
Kazakh central bank intervenes in FX market to stabilize tenge

The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.

Kazakh central bank intervenes in FX market to stabilize 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.

Olzhas Khudaibergenov on currency interventions
Photo©Ruslan Osmanhanov
Kazakhstani designer Kamila Kurbani releases tenge sweatshirts

Kazakhstani designer Kamila Kurbani has released a new collection of sweatshirts with tenge prints.

Kazakhstani designer Kamila Kurbani releases tenge sweatshirts
©Turar Kazangapov
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.

Seven steps advised to Kazakhstan government after devaluation of national currency
Head of Development Bank of Kazakhstan Bolat Zhamishev. Photo © RIA Novosti
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.

Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev
Photo © Turar Kazangapov
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.

Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science
Photo © Turar Kazangapov
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.

Petrol follows tenge in free float: Kazakhstan government stops regulating prices
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.

Kazakhstan to stop regulating prices for petrol
Ms. Umyt Shayakhmetova Yaroslav Radlovsky ©
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.

Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate
Tengrinews.kz ©
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.

How new monetary policy will affect country’s banking system
©Turar Kazangapov
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 explains reasons for switching to floating exchange rate
©Turar Kazangapov
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.

Nazarbayev urges exporters to sell dollars at home
©REUTERS
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.

Experts comment on Kazakhstan's decision to abandon control of tenge
©Turar Kazangapov
Air Astana raises airline ticket price

Kazakhstan’s national airline Air Astana has raised ticket prices on international flights after Kazakhstan floated the tenge.

Air Astana raises airline ticket price