Deposits denominated in foreign currencies 72% up in Kazakhstan
Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.
Kazakh banks experiencing tenge shortages
Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.
It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar
Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
Kazakhstan’s Central Bank Governor on tenge prospects
According to him, back in 2014 the country’ economy accumulated certain margin of safety. The country’s gold and FX reserves reached $102 billion, including $73 billion with the National Oil Fund.
Kazakhstan considers de-dollarizing its economy
Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.
Kazakh National Fund grows despite drop in oil prices: Minister of Finance
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
Central Bank of Kazakhstan issues new 1000 bill
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
Kazakhstan and China sign agreement on settlements in national currencies
Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.
Tenge devaluation cannot be ruled out in Kazakhstan: expert
Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.
Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds
Kazakh officials have responded to the remakrs of the chairman of the board of directors of Russia’s National Payment Council, who said that the EEU could see a ban on interstate transactions in dollars and euros.
Russia-Kazakhstan trade affected by Russian economic slowdown
Experts say stagnation in the Russian economy has had its effect on the Kazakh-Russian trade turnover.
Kazakhstan’s PM on efforts to overcome excessive dollarization
Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.
Money from National Fund to help out Kazakh economy
Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.
Central Bank Governor on situations in Russia and Kazakhstan
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation
Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.
Kazakhstan’s Central Bank Governor on possible currency devaluation
“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.
Oil prices and currency rates approach alarming levels for Kazakhstan
Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.