tenge

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Tenge reaches new historic low

Tenge reaches new historic low

The Kazakh tenge dropped to 322.47 per dollar on the Kazakhstan Stock Exchange (KASE) today, RIA Novosti reports. In August, the Kazakh authorities introduced a free floating exchange rate of tenge, which led to a devaluation of the …

Nazarbayev: we maintain floating exchange rate policy

Nazarbayev: we maintain floating exchange rate policy

Kazakhstan will not give up on tenge free-floating system, Kazakh President Nursultan Nazarbayev said. "Firstly, it is necessary to ensure the effective functioning of the financial sector under a floating exchange rate of tenge. …

Kazakh tenge set new anti-record

Kazakh tenge set new anti-record

The Kazakh tenge dropped to 307.53 per dollar on the Kazakhstan Stock Exchange (KASE) today, the press service of KASE said. At the end of the morning trading session the current average rate of the tenge was 335.4 per euro. …

Kazakh tenge falls by 5.1%

Kazakh tenge falls by 5.1%

The Kazakh tenge dropped to 298.92 per dollar on the Kazakhstan Stock Exchange (KASE) today, the press service of KASE said. At the end of the morning trading session the current average rate of the dollar rose by 7% to the market …

Kazakhstan 2015: burden of difficult decisions

Kazakhstan 2015: burden of difficult decisions

The post of the head of the National Bank of Kazakhstan was taken by Daniar Akishiyev, a 39-year old manager who passed a serious test in the 'hottest' departments of the Presidential Administration

Kazakhstan's National Bank raises its key interest rate to 16%

Kazakhstan's National Bank raises its key interest rate to 16%

Today the National Bank of Kazakhstan has decided to support the tenge exchange rate by raising its key rate to 16%. "Given the economic data and the prospects for growth, the National Bank decided to raise its base rate to 16% to …

Kazakh President proposes creating world currency

Kazakh President proposes creating world currency

Kazakh President Nursultan Nazarbayev in his speech at the 70th session of the UN General Assembly proposed to create a new supranational currency, which should be relevant to the targets of global sustainable development. …

Tenge drops 2% against the dollar in a day

Tenge drops 2% against the dollar in a day

The average US dollar exchange rate at the close of trading on Kazakhstan Stock Exchange (KASE) amounted to 243.74 tenge, the trading marketplace reported. "The average exchange rate of the dollar with T + 1 in tenge amounted to …

Kazakhstan uses Russian experience of de-dollarization

Kazakhstan uses Russian experience of de-dollarization

Kazakhstan has followed the path of Russia in the sphere of currency regulation, chairman of the National Bank Kairat Kelimbetov said. According to him, Russia did not just move to a flexible exchange rate formation of the …

Tenge starts this week by strengthening against the dollar

Tenge starts this week by strengthening against the dollar

According to the morning trading session on the Kazakhstan stock exchange, the national currency of the country started to strengthen. So on Monday morning, 218.61 tenge are sold for 1 dollar, in comparison with Friday, when 1 dollar was worth …

Kazakhstan develops plan for supporting economy

Kazakhstan develops plan for supporting economy

Today the government of Kazakhstan adopted a plan of measures by the government of Kazakhstan and the National Bank in the context of shifting to the inflation targeting, the press service of the republic’s Prime Minister reported. …

Kyrgyzstan National Bank decreases the som exchange rate

Kyrgyzstan National Bank decreases the som exchange rate

The National Bank of Kyrgyzstan officially decreased the som exchange rate by 2.4%, the website of the Bank reports. When Kazakhstan decided to turn to a free-floating exchange rate of the tenge, the same trend of decreasing the rate …

Losses of Kazakhstan National Bank depositors to be compensated

Losses of Kazakhstan National Bank depositors to be compensated

The National Bank of Kazakhstan has begun developing a mechanism of compensation for losses from devaluation of the currency to depositors of commercial banks who have less than 1 million tenges in their deposit accounts (about $4000), the press …

Kazakhstan to receive 1 billion dollars from ADB

Kazakhstan to receive 1 billion dollars from ADB

The Asian Development Bank (ADB) has approved a loan of 1 billion dollars to Kazakhstan, which earlier announced the devaluation of the tenge. The loan will "smooth unexpected and largely negative effects from the decline in world …

Turkmen manat remains stable and does not drop because of tenge

Turkmen manat remains stable and does not drop because of tenge

The Turkmen manat did not respond to the drop of Kazakhstan's tenge. Now the currency rate is stable at the level of 1 dollar per 3.5 manats. The current parity of the national currency and the dollar was established on January 1st 2015. …

Kyrgyz som reaches historic low

Kyrgyz som reaches historic low

The Kyrgyz national currency, the som, has dropped to its lowest mark in the history of the country. According to the National Bank of Kyrgyzstan, the official dollar exchange rate is now equal to 62.145 soms, but the currency exchange in Bishkek …