site.news_by_theme Tenge

The new bill was supposed to be issued November 15 to celebrate the 20th anniversary of the tenge.

The new American $100 bill not as beautiful as Kazakhstan's tenge notes. Kazakhstan currency is "like the Meryl Streep of international bank notes": The Atlantic.

One of the items on the agenda was mutual settlements in the Tenge, Kazakhstan’s currency, and the renminbi.

These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.

The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.

The spring time was quiet, with no such rumors around. Perhaps people have got bored. Unfortunately, in our country such rumors is a way to entertain oneself: Gregory Marchenko.

The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.

Despite the lingering uncertainty of the global economy, Kazakhstan’s economy has been stable, with the GDP growing 5.1% in the H1 2013. The annual inflation stands at 5.9%: Economy Minister.

For the recent 4.5 years there have been rumors of devaluation more than 15 times: Central Bank Governor Gregory Marchenko.

According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.

The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.

According to him, “for the recent year the nation’s exports potential has grown 40%”.

An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.

Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.

The external conditions for Kazakhstan, a commodity exporter, are extremely favorable: Gregory Marchenko.

According to him, with the current prices for commodities the tenge is posed to strengthen.

According to him, Kazakhstan’s exporters are in a better position than their Russian counterparts.

Half of Kazakhstanis believe the national currency is stable.

As a patriot of the national currency, I believe the Kazakh tenge is very stable. All the fundamentals of the national economy are well-balanced today: Vice Chairman of the Board at Samruk-Kazyna Sovereign Wealth Fund.