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Kazakhstan’s Digital Tenge Set to Launch in 2025, Poised to Influence Global Discourse
29 Sep 2023 08:34 GMT
… Distinct features
The digital currency boasts several advantages, … he noted, but digital currency will allow direct transactions … service between digital tenge and their networks … digital currency globally.
“It is very important for Kazakhstan …
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National Bank of Kazakhstan associates weakening of tenge with reduction in base rate and abolition of norm on sale of foreign currency by exporters
28 Sep 2023 12:45 GMT
… the National Bank of Kazakhstan Timur Suleimenov said.
… seasonal demand [for foreign currency] from importers, the decision … -term weakening of the tenge exchange rate," Suleimenov … Bank of Kazakhstan does not rule out conducting currency interventions …
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Chairman of National Bank of Kazakhstan comments on weakening of tenge
28 Sep 2023 09:49 GMT
… the mandatory sale of foreign currency earnings by entities of the … a short-term weakening of tenge, the head of the … stabilizing effect and support the tenge," the National Bank added … dollar exchange rate in Kazakhstan was 482.77 tenge as of September …
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Kazakhstan’s new agency paves way for CBDC launch by 2025
24 Sep 2023 06:09 GMT
… a central bank digital currency (CBDC) gather significant steam … bank announced reorganizing the Kazakhstan Center for Interbank Settlements … to launch a digital tenge revolve around improving financial … functionalities for the digital tenge but confirms that …
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Turkmenistan has entered the list of countries whose banks can participate in currency trading in the Russian Federation
22 Sep 2023 12:14 GMT
… ,
Egypt, India, Indonesia, Iran, Kazakhstan, Qatar, Kyrgyzstan, China, Cuba,
… settlements in the national currency, commented on the creation … residents could participate
in currency trading, most of whom … in
demand for transactions in tenge, yuan, lira, som, …
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Kazakhstan set to roll out CBDC by 2025
19 Sep 2023 23:20 GMT
… Bank of Kazakhstan (NBK) began trials for a Digital Tenge (DT). … After two years of central bank digital currency … that will include the Kazakhstan Center for Interbank Settlements … adoption of the digital Tenge.
Research into tokenization and …
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NB s gold and currency reserves decrease by 4.3% since Jan 2023
13 Sep 2023 05:42 GMT
ASTANA. KAZINFORM Gross international reserves of the National Bank made 96.5 billion US dollars at the end of August 2023. Newly-appointed Governor of the National Bank Timur Suleimenov said it at the Government’s weekly meeting, Kazinform reports.
…
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Security Agencies Neutralize Radical Group Planning Terrorist Attacks in Kazakhstan
29 Aug 2023 13:56 GMT
… members planned terrorist attacks in Kazakhstan, said National Security Committee (NSC … illegal currency and goods movement worth more than 3.8 billion tenge …
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Kazakhstan Begins Rate Cuts Despite Ruble’s Crash That Hit Tenge
25 Aug 2023 06:45 GMT
… after the tenge weakened following a bout of currency depreciation … in the ruble, the currency of Kazakhstan’s biggest trading partner, … producer is moving past currency turmoil and an inflation … further decoupling from Russia, Kazakhstan’s central bank said …
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Russians aren't the only victims of the ruble's implosion — the weak currency is also hitting migrant Central Asians who repatriate the cash
24 Aug 2023 09:12 GMT
… currency is down 15% to 20% against the Kyrgyzstani som, the Kazakhstani tenge … Russia due to the weak currency, the Vedomosti business daily … commentator Serik Belgibay said Kazakhstan is in a difficult … or allow the Kazakh tenge to devalue alongside the …