tenge

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Tenge starts to rise after collapse

Tenge starts to rise after collapse

The average exchange rate of the Kazakh tenge to the dollar on the day following the introduction of a free-floating exchange rate of the national currency by the Kazakh authorities fell by 2.79 tenges, reaching 252.47 tenges per dollar. Such a …

Tenge sent free floating

Tenge sent free floating

Artificial support for the national currency exchange rate threatens Kazakhstan with bankruptcy under current oil prices

Exchange rate of tenge affects Kyrgyz currency

Exchange rate of tenge affects Kyrgyz currency

After the announcement of Kazakhstan's tenge free floating, its exchange rate in Kyrgyzstan began to decline in relation to the local national currency, the som. According to local media, if this morning a som was sold for 3 tenge, …

Depreciation of tenge will not affect Azerbaijani economy

Depreciation of tenge will not affect Azerbaijani economy

The fall in tenge will not affect Azerbaijan, Doctor of Economics, ex-head of the department of pricing, economic and fiscal policy of the Azerbaijani Cabinet of Ministers Oktay Akhverdiyev said. He explained that the …

Currency exchange offices close in Almaty

Currency exchange offices close in Almaty

Almaty's currency exchange offices have been closed due to a drop in the rate of the tenge by more than 20%, the local publication Tengrinews reports. Throughout the city, correspondents of the publication could find only one …

National Bank of Kazakhstan plans to increase bank loans

National Bank of Kazakhstan plans to increase bank loans

The head of the Kazakh National Bank, Kairat Kelimbetov, believes that the introduction of a free floating tenge rate will help to ensure that banks will return to active credit activity. "We really hope that banks …

Tenge drops by more than a third

Tenge drops by more than a third

During today's morning trading on the Kazakhstan Currency Stock Exchange, the tenge dropped by 35.5%. Its rate against the dollar fell from 188.38 to 255.26 tenge. The trading volume during this drop amounted to 115.55 million …

Nazarbayev speaks about problems of Kazakh economy

Nazarbayev speaks about problems of Kazakh economy

Low prices for oil and metals, and weak demand for Kazakhstan's products in Russia and China may have a negative impact on the economy, President of Kazakhstan Nursultan Nazarbayev stated at a meeting on system measures of …

What happened to trade between Kazakhstan and the EEU?

What happened to trade between Kazakhstan and the EEU?

The Statistics Committee of the Ministry of National Economy of Kazakhstan announced data, according to which, trade between the republic and other member states decreased significantly in the first half of 2015 ($7.8 billion). …

KazMunaiGas sells $4 billion of shares

KazMunaiGas sells $4 billion of shares

Kazakh national oil and gas company KazMunaiGas has sold 58,420,748 common shares at the Kazakh Stock Exchange. The auction was attended by 2 members and was implemented by the British trading. The deal amounted to …

Almaty businessmen collect money for victims of mudslide

Almaty businessmen collect money for victims of mudslide

The Registration Chamber of Entrepreneurs of Almaty spoke about organizing a collection center for humanitarian support to the victims of the recent mudslide. In just one hour the businessmen were able to collect 1 million tenge

Kazakhstan expands currency corridor

Kazakhstan expands currency corridor

The National Bank of Kazakhstan has expanded corridor fluctuations in the exchange rate of the tenge, the chairman of the National Bank of Kazakhstan, Kairat Kelimbetov, said at a press conference. "The new corridor will be 170-198 …

US State Department: IS and Russia are not the same threats for us

US State Department: IS and Russia are not the same threats for us

Islamic State in the Middle East and Russia in the Ukrainian conflict are "completely different problems that cannot be compared," US State Department spokesperson Marie Harf said, speaking at a briefing answering a question about how it could happen that the Deputy Secretary of State Richard Stengel in a letter to the head of Sony Pictures Entertainment Michael Lynton, listing the challenges which the United States is facing in foreign policy, put IS in the Middle East confrontation and Russia in the Ukrainian conflict in one row. 

Construction of ferry complex at Kazakh port on Caspian Sea to begin on April 6

Construction of ferry complex at Kazakh port on Caspian Sea to begin on April 6

Construction of a ferry complex for the improvement of Kazakhstan's transition potential to the west through the ports on the Caspian Sea is strategically important, the press service of JSC "NC Kazakhstan Temir Zholy" (KTZ) reports.    "32.7 billion tenge of investments is being directed towards realizing the project, during the construction period 500 new jobs are being created, during the exploitation a staff of 250 people is planned," Interfax-Azerbaijan quoted a press release of the company.