site.news_by_theme Tenge

According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.

Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.

“I believe spreading rumors is the way devaluation expectations are being intensified artificially (…) all those voicing their estimates and forecasts should be aware of their responsibility”, he said.

Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.

According to him, Kazakhstan’s Central Bank and the Government are thinking of preventive measures, trying to understand the prospects of the Russia's national currency.

Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.

Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.

Kazakhstan awaits 'a new decision' about the tenge exchange rate, fears a new devaluation and keeps its fingers crossed.

The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.

Tengrinews asked several experts about their opinions on the risks related to Kazakhstan's national currency - the tenge.

Pressure on Kazkommertsbank’s ATM machines has increased by 15% due to devaluation rumors.

Astana residents have been forming queues near currency exchange officer on Thursday.

General Prosecutor's Office of Kazakhstan warned about criminal responsibility for spreading rumors alleging national currency devaluation.

Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.

Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.

Financial experts have shared their opinions about the possibility of devaluation of the Tenge, Kazakh national currency.

Posters with coins of goodness have appeared on a number of Almaty bus stops.

Turkologist, Doctor of Historical Sciences Talgat Zhumaganbetov from Aktobe claims he has found an error on the 1000 Tenge bill.

Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.

The new Treaty establishing the Eurasian Economic Union raises concerns about stability of Kazakhstan's national currency, the tenge, among the representatives of foreign diplomatic missions in Astana.
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