site.news_by_theme Tenge

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.

Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.

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.

Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.

Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.

Kazakh Minister of Finance Bakhyt Sultanov said that salaries of Kazakhstanis should not depend on tenge per dollar exchange rate.

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

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 has released a new collection of sweatshirts with tenge prints.

National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.

Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.

Teachers’ salaries will be increased by 20-50% depending on the qualifications.

After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.

There should be a flexible pricing model given the ongoing volatility at the FX market: Vice PM Sagintayev.

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.

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 has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.

After the devaluation of the Kazakh national currency tenge, Kazakhstan president asked exporters to sell dollars at the domestic market.

Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.

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