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site.news_by_theme Tenge

Kairat Kelimbetov. Yaroslav Radlovsky ©
Central Bank Governor on possible second wave of currency devaluation

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

Central Bank Governor on possible second wave of currency devaluation
Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan's economy benefits from devaluation: Kelimbetov

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

Kazakhstan's economy benefits from devaluation: Kelimbetov
Kazakhstan banknote with a nominal value of 1000 tenge. Photo courtesy of nationalbank.kz
Kazakhstan 1000 tenge banknote named best in the world

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

Kazakhstan 1000 tenge banknote named best in the world
©Yaroslav Radlovsky
Almaty commuters pay broken keys for bus fare

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

Almaty commuters pay broken keys for bus fare
 Minister of Economy and Budget Planning Erbolat Dosayev. Photo a courtesy of tengrinews.kz
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation

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

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
© Yaroslav Radlovsky
BTA suspends lending operations in the wake of 20% currency devaluation

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

BTA suspends lending operations in the wake of 20% currency devaluation
©Tengrinews.kz
$4 billion worth of food imported in Kazakhstan in 2013

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

$4 billion worth of food imported in Kazakhstan in 2013
Illustration of Tengrinews.kz
National Fund should provide $5.4 billion to compensate tenge devaluation in Kazakhstan: KazPotrebNadzor

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

National Fund should provide $5.4 billion to compensate tenge devaluation in Kazakhstan: KazPotrebNadzor
©kazakhmys.com
Kazakhmys to increase wages of its workers

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

Kazakhmys to increase wages of its workers
Photo  © Yaroslav Radlovsky
Almaty budget overhaul: Yesimov

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

Almaty budget overhaul: Yesimov
Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign

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.

Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign
©largo.ru
Kaspi Bank depositors withdraw $212 million in a bank run

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

Kaspi Bank depositors withdraw $212 million in a bank run
Photo © Marat Abilov
Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits

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.

Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits
Kairat Kelimbetov. Marat Abilov©
Central Bank Governor refutes rumors of banks bankruptcies

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

Central Bank Governor refutes rumors of banks bankruptcies
Three large-scaled banks claim there is an information campaign against them

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

Three large-scaled banks claim there is an information campaign against them
Public authority addresses to the demonstrators. ©tengrinews.kz
35 people fined after anti-devaluation protests in Almaty

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.

35 people fined after anti-devaluation protests in Almaty
©Tengrinews
Anti-devaluation protest in Almaty

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

Anti-devaluation protest in Almaty
Photo © Marat Abilov
Possible inflation risks: National Bank

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

Possible inflation risks: National Bank
Kazakhstan's President Nursultan Nazarbayev meets with Prime-Minister Serik Alhmetov and the Head of National Bank Kairat Kelimbetov. Photo courtesy of akorda.kz
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev

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

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev
©RIA Novosti
Mining companies applaud tenge devaluation in Kazakhstan

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

Mining companies applaud tenge devaluation in Kazakhstan