site.news_by_theme Tenge

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

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.

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 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.

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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.

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