-
Central Asian consumer confidence March 2024: Diverging trends in Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan
19 Apr 2024 06:18 GMT
… future economic prospects.
Residents of Kazakhstan reported decreased inflation expectations, approaching … to February, despite a strengthening tenge against the dollar. The share … for weakening in the national currency reaching record low levels over …
-
Development Bank of Kazakhstan Issues Debut Sustainability Eurobonds
18 Apr 2024 07:58 GMT
… of Kazakhstan (DBK) launched its inaugural sustainability Eurobonds, raising 100 billion tenge … non-sovereign issuer in local currency in the entire history of … of Kazakhstan’s first international issuance of sustainability Eurobonds in local currency …
-
Yandex launches new cloud region in Kazakhstan
13 Apr 2024 12:18 GMT
… strategy of Yandex Cloud in Kazakhstan. The Kazakh server infrastructure … is available in local currency.
Yandex Cloud said Kazakh … for cloud technologies in Kazakhstan has been growing rapidly. … worth more than 160 million tenge ($356,000).
Yandex Cloud …
-
Kazakhstan tests central bank digital currency use in public procurement
26 Mar 2024 19:51 GMT
… s nascent central bank digital currency (CBDC) by putting … ‘Brink of transformative phase’
Kazakhstan’s authorities are launching ‘at … Kazinform report.
RELATED ARTICLE Kazakhstan steps up open banking … Kazakhstan has ‘mapped out a broad range of digital tenge …
-
Kazakhstan Frets Russian Inflation May Prevent Return to Easing
05 Apr 2024 12:54 GMT
… Article content
(Bloomberg) — Kazakhstan’s central bank is carefully … Article content
Russia was Kazakhstan’s largest trading partner … and reallocating some 300 billion tenge ($667 million) in … war, Russia’s currency still affects Kazakhstan’s economy, according …
-
Kazakhstan Joins Banking Sanctions Against Russian Federation
03 Apr 2024 20:51 GMT
… refusing to service Russian cards.
Kazakhstan's largest bank, … Bank and CenterCredit Bank, Interfax-Kazakhstan wrote. "You may … sanctions".
Only VTB (Kazakhstan) and Bereke bank (former … only in the national currency - tenge, and the second one …
-
Kazakhstanis Keeping Less Foreign Currency, Buying More Gold
22 Mar 2024 13:42 GMT
… markedly. The foreign currency assets in Kazakhstan decreased by $4 … of assets in freely convertible currency decreased to $16.1 … the National Bank of Kazakhstan Timur Suleimenov said that … one tenge, or $0.0022,” said Suleimenov.
In Kazakhstan following …
-
Reforms and Change: Kazakhstan, ADB Celebrate 30 Years of Partnership
12 Mar 2024 15:09 GMT
… significant financial support to Kazakhstan. This assistance enabled … climate change, including Kazakhstan’s ambitious commitment to … development that addresses Kazakhstan’s multifaceted challenges … a 98 billion Kazakhstan tenge local currency loan (US$214 …
-
Kazakhstan’s banking deposits hit 26-year low in dollarization at 22.2%
10 Mar 2024 05:03 GMT
… 1, the National Bank of Kazakhstan reported. The rate for … in interest rates between tenge and foreign currency deposits, as well … deposit holders to switch to tenge deposits or alternative financial … to this shift.
Foreign currency deposits reached a 15-year …
-
Kazakhstan’s oil fund is one of the most opaque in the world
06 Mar 2024 05:35 GMT
… a media partnership agreement.
Kazakhstan’s National Fund started in … , an expert platform on Kazakhstan’s economics, answered questions … would have kept foreign currency liquidity away from the country … a monthly balance of tenge-equivalent assets coming in …