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A 20,000 tenge bill. ©tengrinews.kz
Devaluation may create demand for 20,000 tenge bills in Kazakhstan

The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

Devaluation may create demand for 20,000 tenge bills in Kazakhstan
Photo © Marat Abilov
Dedollarization of Kazakh mentality: Governor of National Bank

The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

Dedollarization of Kazakh mentality: Governor of National Bank
©REUTERS
Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation

Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.

Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation
Photo a courtesy of  mln.kz
Devaluation in Kazakhstan: How black was Black Tuesday?

Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

Devaluation in Kazakhstan: How black was Black Tuesday?
©Tengrinews.kz
10% hike: Air Astana on prices for air tickets

The 20% currency devaluation will have an impact on the company’s financial performance as 70% of sales are in the national currency, with 65% of expenses being in US Dollars: Erbol Ospanov.

10% hike: Air Astana on prices for air tickets
Marat Abilov ©
Kazakhstan’s Central Bank Governor calls commoners to count their blessings

I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.

Kazakhstan’s Central Bank Governor calls commoners to count their blessings
Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%

Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20%
Kairat Kelimbetov.Marat Abilov©
Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation

My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation
Photo©Marat Abilov
Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan

Today's devaluation of tenge in Kazakhstan has affected the work of the e-government website eGov.kz.

Tenge meltdown disrupts e-Gov and online shopping in Kazakhstan
Akim Akhmetzhan Esimov. Photo © Yaroslav Radlovsky
Mayor of Almaty orders to keep prices down

The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.

Mayor of Almaty orders to keep prices down
Possible currency rate according to the bank officials. Photo  ©Tengrinews
Dollar explodes in Kazakhstan: 200 tenge per dollar

Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.

Dollar explodes in Kazakhstan: 200 tenge per dollar
Bely Veter store closed. ©Marat Abilov
20% hike: Big stores in Kazakhstan change prices amid tenge devaluation

Big stores in Kazakhstan are increasing their prices amid the devaluation of tenge.

20% hike: Big stores in Kazakhstan change prices amid tenge devaluation
Central Bank Governor Kairat Kelimbetov. ©pm.kz
The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor

The spread in currency exchange transactions should be no more than 2 tenge per each sold or bought US Dollar, Kairat Kelimbetov said.

The new tenge exchange rate is beneficial to the country’s economy: Kazakhstan’s Central Bank Governor
Central Bank Governor Kairat Kelimbetov. © Yaroslav Radlovsky
I only learned about tenge devaluation last night: Central Bank Governor

There can’t have been any leaks as we only made the decision yesterday after the Stock Exchange trades were over: Kairat Kelimbetov.

I only learned about tenge devaluation last night: Central Bank Governor
Kazakhstan’s Central Bank. © Yaroslav Radlovsky
Currency devaluation in Kazakhstan

The new exchange rate is expected at 185 tenge for 1USD (up from 155 tenge for 1 USD).

Currency devaluation in Kazakhstan
© Yaroslav Radlovsky
Kazakhstan’s Central Bank moves to reduce dollarization of economy

The share of tenge-denominated deposits decreased from 70.2% back in December 2012 to 62.6% in December 2013.

Kazakhstan’s Central Bank moves to reduce dollarization of economy
©tengrinews.kz
Central Bank Governor on expediency of the new 20,000-tenge note

Prices can go up pushed by high expectations of the currency devaluation. Let’s not hurry: Kairat Kelimbetov.

Central Bank Governor on expediency of the new 20,000-tenge note
Photo ©nationalbank.kz
National Bank issues new 1000 tenge

A new 1000 tenge bill was issued and put into circulation by the National Bank of Kazakhstan on December 12, 2013.

National Bank issues new 1000 tenge
Photo ©tengrinews.kz
Different photo of 20-thousand tenge bill

Tengrinews has got hold of another photo of the new 20-thousand tenge bill. It is different from the one demonstrated earlier, but matches the description of the source in minting industry.

Different photo of 20-thousand tenge bill
The design of 20000 tenge. Photo ©tengrinews.kz
20-thousand Kazakhstan Tenge bill unveiled

The design of a commemorative 20-thousand bill was presented to journalists.

20-thousand Kazakhstan Tenge bill unveiled