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.
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.
$4 billion worth of food imported in Kazakhstan in 2013
Kazakhstan imported $4 billion worth of food products last year.
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
Kazakhmys to increase wages of its workers
Kazakhmys Plc has announced a wages raise for its industrial personnel.
Almaty budget overhaul: Yesimov
The Akim (Mayor) of Almaty Akhmetzhan Yesimov talked about overhauling the city budget due to devaluation of tenge.
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 depositors withdraw $212 million in a bank run
The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.
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.
Central Bank Governor refutes rumors of banks bankruptcies
Misleading wave of sms in the country resulted in deposit run.
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”.
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.
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.
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.
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
Mining companies applaud tenge devaluation in Kazakhstan
The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.
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.
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.
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.
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.