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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.

18 September 2015

Kazakh central bank intervenes in FX market to stabilize tenge The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.

17 September 2015

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.

17 September 2015

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

08 September 2015

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.

08 September 2015

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.

08 September 2015

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.

08 September 2015

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.

05 September 2015

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.

04 September 2015

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.

03 September 2015

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.

03 September 2015

Nazarbayev explains reasons for switching to floating exchange rate Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.

24 August 2015

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.

24 August 2015

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.

24 August 2015

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

24 August 2015

Making sense of Kazakhstan's decision to float tenge Kazakhstan tenge plunged to its record low after the country floated it, renouncing the set corridor and adopting inflation targeting.

21 August 2015

Nazarbayev instructs National Bank to compensate tenge deposits President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.

21 August 2015

Analysts on fair market exchange rate of USD to tenge August 20 the country’s Central Bank renounced its policy of the set currency band, letting the national currency float freely.

21 August 2015

PM Massimov on how Kazakhstan avoided default From August 20 the National Bank and the Government have decided to implement a new monetary policy based on inflation targeting and to renounce the earlier practiced currency corridor.

20 August 2015

Kazakhstan central bank on why fixed currency exchange rate had to be renounced Inflation targeting is another type of monetary policy that rests on the inflation rate in the mid run, rather than on the currency exchange rate: Kairat Kelimbetov.

20 August 2015

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