site.news_by_theme Tenge

Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.

National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.

Kazakhstan banknote of 1000 tenge has been acknowledged The Banknote of the Year by the International Banknote Society (IBNS).

Cunning commuters would use anything but money to pay for a bus fare in Almaty.

Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.

According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.

Kazakhstan imported $4 billion worth of food products last year.

The National Fund of Kazakhstan should provide $5.4 billion to support the Kazakhstan economy amid the tenge devaluation: KazPotrebNadzor

Kazakhmys Plc has announced a wages raise for its industrial personnel.

The Akim (Mayor) of Almaty Akhmetzhan Yesimov talked about overhauling the city budget due to devaluation of tenge.

Vyacheslav Kim, Chairman of the Board, has refuted the rumor that the announced amount would be paid to the country’s General Prosecutor’s Office.

The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.

Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.

Misleading wave of sms in the country resulted in deposit run.

Kaspi bank today has announced a reward of $500 000 “for those able to spot the initiators of the misleading SMS campaign”.

35 people were arrested during 2 days of protests in Almaty city. All of them got fined, except for one man who will spend 10 days in jail.

Initially around 50 people gathered in front of the Republic Palace in Almaty. As time went by the number was nearing 200 people.

In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.
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