Causes of tenge-dollar exchange rate spike unclear
People in Kazakhstan wonder about the meaning of August 19 spike in tenge-dollar exchange rate, while the National Bank keeps silent.
New devaluation in Kazakhstan?
Kazakhstani banks raise dollar-tenge exchange rate. People fear another devaluation of the currency. The Kazakh National Bank is silent.
Loans in dollars are dangerous: head of Kazkom
Chairman of the Board of of Kazkommertsbank said that issuing and obtaining loans in dollars in Kazakhstan was dangerous.
Experts comment on Kazakh National Bank expanding tenge-dollar pegged corridor
Experts comment on the latest expansion of the tenge to dollar exchange rate pegged corridor in Kazakhstan.
Kazakhstan expands tenge to US dollar exchange rate corridor
Kazakhstan’s central bank has expanded the tenge to US dollar exchange rate corridor.
No drastic changes of the tenge exchange rate: Central Bank Governor
Earlier President Nazarbayev declared that no devaluation of the tenge would happen right after the presidential elections, as it had been predicted earlier by some analysts.
Nazarbayev dispels rumours of tenge devaluation
President Nursultan Nazarbayev has dispelled the rumours about a forthcoming devaluation of the tenge in Kazakhstan.
Kazakhstan rules out possibility of single EEU currency
Kazakhstan has once again ruled out the possibility of adopting a single currency for the Eurasian Economic Union (EEU), despite the propositions of the President of Russia Vladimir Putin.
Kazakh banks may benefit from tenge devaluation: experts
Experts share their views on the possible implications of devaluation of the tenge for Kazakhstani banks.
Kazakhs bore into microcredits amid shortage of tenge in banks
Kazakhstanis are now increasingly relying on services of microfinance organisations due to the shortage of tenge in banks.
Head of Kazakh bank tags tenge deficit artificial
Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.
Kazakhstan’s Central Bank comes up with plan to reduce economy dollarization
The plan for 2015-2016 was developed concertedly with the Government and seeks to ensure macroeconomic stability, develop cashless payments, reducing the shadow economy, and prioritize the national currency over foreign currencies.
Samruk-Kazyna limits forex transactions of its subsidiaries
Kazakh National Wealth Fund Samruk-Kazyna has ordered its subsidiaries to avoid making unnecessary foreign currency transactions to reduce pressure on the tenge exchange rate in Kazakhstan.
Kazakh Central Bank Governor speaks tenge liquidity and de-dollarization
Governor of the National Bank of Kazakhstan Kairat Kelimbetov speaks about the state of the financial market in Kazakhstan and what the government will do about it.
Nazarbayev urges state companies to support tenge
President of Kazakhstan Nursultan Nazarbayev has urged Kazakhstan's state companies to sell dollars and buy the tenge.
Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
Kazakhstan to introduce ban on purchase of real estate and vehicles for cash: Central Bank Governor
These transactions should be made through a bank account so that the National Bank and tax authorities could see the payments, he elaborated.
Tenge-denominated loans to be available soon: Kazakh Central Bank Governor
It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.
Plan to mitigate devaluation in Kazakhstan presented by Khudaibergenov, Ushbayev
With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.
No sharp changes of the tenge exchange rate: Central Bank Governor
Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.