Реклама +7(700) 388 81 09

site.news_by_theme Tenge

Gregory Marchenko. © Yaroslav Radlovsky
Reprinting Kazakhstan's new 20,000-tenge bills requires $16 million

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

Reprinting Kazakhstan's new 20,000-tenge bills requires $16 million
A new $100 bill. ©theatlantic.com
Tenge bills more beautiful than new $100 banknotes

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.

Tenge bills more beautiful than new $100 banknotes
Photo courtesy of pm.kz
Kazakhstan Central Bank Governor Gregory Marchenko meets Zhou Xiaochuan, People's Bank of China Governor

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

Kazakhstan Central Bank Governor Gregory Marchenko meets Zhou Xiaochuan, People's Bank of China Governor
©REUTERS
Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor

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.

Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor
©REUTERS
Kazakhstan National Bank starts pegging tenge to fx basket

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

Kazakhstan National Bank starts pegging tenge to fx basket
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Central Bank Governor Marchenko on the rumors of currency devaluation

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.

Central Bank Governor Marchenko on the rumors of currency devaluation
© tengrinews.kz
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note

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.

Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Kazakhstan’s Central Bank seeks to maintain inflation within 6-8%

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.

Kazakhstan’s Central Bank seeks to maintain inflation within 6-8%
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Kazakhstan’s Central Bank on rumors of the Tenge devaluation

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

Kazakhstan’s Central Bank on rumors of the Tenge devaluation
Photo courtesy of profinance.kz
Kazakhstan residents prefer loans in tenge

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.

Kazakhstan residents prefer loans in tenge
Photo courtesy of newskaz.ru
Central Bank Governor on the tenge and growing demand for the US Dollar

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.

Central Bank Governor on the tenge and growing demand for the US Dollar
nnm.ru
Kazakhstan to shortly ban Ponzi schemes

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.

Kazakhstan to shortly ban Ponzi schemes
© Yaroslav Radlovsky
National Bank’s Vice Governor assures the tenge will remain stable for years to come

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

National Bank’s Vice Governor assures the tenge will remain stable for years to come
Madiyar Kenzhebulat in BloGpost show
Kazakhstan Tenge will not be devalued: expert

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.

Kazakhstan Tenge will not be devalued: expert
Central bank Governor Gregory Marchenko. Vladimir Dmitriyev ©
Volatility of the Russian rouble is not reflected on the Kazakh tenge

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

Volatility of the Russian rouble is not reflected on the Kazakh tenge
Gregory Marchenko. ©Vladimir Dmitriyev
Central Bank Governor on the Tenge strengthening

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

Central Bank Governor on the Tenge strengthening
Gregory Marchenko. ©Vladimir Dmitryev
Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank

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

Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank
Gregory Marchenko. ©Vladimir Dmitryev
Kazakhstan capable of maintaining stability of the national currency: Central Bank Head

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

Kazakhstan capable of maintaining stability of the national currency: Central Bank Head
©REUTERS
Is the tenge stable?

Half of Kazakhstanis believe the national currency is stable.

Is the tenge stable?
Oil drilling. ©RIA Novosti
Given the oil prices, Kazakh economy has substantial strength reserve: Samruk Kazyna official

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.

Given the oil prices, Kazakh economy has substantial strength reserve: Samruk Kazyna official