site.news_by_theme Tenge
No sharp changes of the tenge exchange rate: Central Bank Governor
Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.
11 February 2015
Deposits denominated in foreign currencies 72% up in Kazakhstan
Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.
05 February 2015
Kazakh banks experiencing tenge shortages
Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.
04 February 2015
It will take 5-6 years for Kazakhstanis to stop quoting domestic prices in the US Dollar
Olzhas Khudaibergenov, Director of the Center for Macroeconomic Research, outlined measures to reduce the currently excessive dollarization of the country’s economy.
29 January 2015
Kazakh National Bank Governor reiterates tenge stability
Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
24 January 2015
Kazakhstan’s Central Bank Governor on tenge prospects
According to him, back in 2014 the country’ economy accumulated certain margin of safety. The country’s gold and FX reserves reached $102 billion, including $73 billion with the National Oil Fund.
16 January 2015
Key events in Kazakhstan 2014: Overview
Overview of 2014 and the key events in Kazakhstan.
06 January 2015
Kazakhstan considers de-dollarizing its economy
Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.
29 December 2014
Kazakh National Fund grows despite drop in oil prices: Minister of Finance
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
22 December 2014
Central Bank of Kazakhstan issues new 1000 bill
The Central Bank of Kazakhstan has issued a new 1000 tenge bill.
16 December 2014
Kazakhstan and China sign agreement on settlements in national currencies
Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.
15 December 2014
Tenge devaluation cannot be ruled out in Kazakhstan: expert
Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.
10 December 2014
Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds
Kazakh officials have responded to the remakrs of the chairman of the board of directors of Russia’s National Payment Council, who said that the EEU could see a ban on interstate transactions in dollars and euros.
03 December 2014
Russia-Kazakhstan trade affected by Russian economic slowdown
Experts say stagnation in the Russian economy has had its effect on the Kazakh-Russian trade turnover.
29 November 2014
Kazakhstan’s PM on efforts to overcome excessive dollarization
Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.
26 November 2014
Money from National Fund to help out Kazakh economy
Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.
17 November 2014
Central Bank Governor on situations in Russia and Kazakhstan
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
10 November 2014
Central Bank Governor on why he assured there would be no currency devaluations prior to actual devaluation
Prior to the 20% currency devaluation back in February Mr. Kelimbetov assured the country’s population there were no such expectations.
22 October 2014
Kazakhstan’s Central Bank Governor on possible currency devaluation
“I believe spreading rumors is the way devaluation expectations are being intensified artificially (…) all those voicing their estimates and forecasts should be aware of their responsibility”, he said.
21 October 2014