site.news_by_theme Tenge
Saxo Bank makes Kazakh tenge and oil forecasts
Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.
05 April 2016
Tenge slides 100% in 5 months; what next for Kazakhstan?
Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.
22 January 2016
Interest rates on deposits in tenge raised in Kazakhstan
In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.
21 January 2016
Kazakh central bank governor shares de-dollarization plans
The Governor of the National Bank of Kazakhstan Daniyar Akishev commented on the plan to de-dollarize the Kazakh economy.
20 January 2016
Inflation in Kazakhstan makes 13.6% in 2015
Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.
05 January 2016
Kazakhstan National Bank explains tenge depreciation and equilibrium rate
Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan
28 December 2015
Inflation in Kazakhstan nears 13%, central bank admits
Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.
28 December 2015
Russia moves forward with common currency for EEU despite Kazakhstan's opposition
Russia is considering a common unit of account and currency for the EEU, while Kazakhstan is not eager to move forward with this project.
25 November 2015
Pegging or no pegging: tenge in new monetary policy
Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.
24 November 2015
Kazakhstan revises 2015 inflation rate forecast
Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.
23 November 2015
Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion
According to Mikhail Khazin, parity between the Russian ruble and the Kazakh tenge contributes to de-dollarization of trade between Kazakhstan and Russia.
23 November 2015
Depreciation of tenge caused by appointment of National Bank's new Governor?
According to experts, appointment of Daniyar Ashirov as New Governor plunged the national currency into the feared 300 KZT to $1 zone.
18 November 2015
Central Bank Governor on tenge prospects
The exchange rate reflects the current external factors such as the exchange rate of the Russia’s rouble and the current state of the Russia’s and China’s economies: Central bank Governor Daniyar Akishev.
18 November 2015
Tenge depreciation not enough to help Kazakh exporters
In spite of a massive depreciation of the Kazakh tenge, further measure need to be taken to help the domestic manufacturers in Kazakhstan.
17 November 2015
President Nazarbayev: the tenge is not facing something extraordinary
According to him, the national currency is just feeling the pressure of falling prices for hydrocarbons, which is natural.
17 November 2015
Kazakh tenge's sharp fluctuations period over: opinion
According to Kazakhstani financial analyst Baitas Kurmanov, Kazakh tenge exchange rate has finally stabilized.
16 November 2015
Kazakh tenge real exchange rate down by 24.7% in 2015
National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.
13 November 2015
Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle
According to German Deutsche Welle, sharp tenge depreciation caused some foreign workers, who came to Kazakhstan for better prospects, to consider going back home.
13 November 2015
Russia-Kazakhstan exchange rate policy implications discussed in Astana
Kazakhstan's Prime Minister Karim Massimov described the implications of the Russian ruble's devaluation in fall 2014 for the Kazakh economy.
12 November 2015
Kazakhstan’s Central Bank on ongoing depreciation of the tenge
To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.
05 November 2015