Kazakhstan

Kazakhstan devalues tenge by 18%

The National Bank of Kazakhstan has allowed the tenge's value to fall by almost a fifth against the greenback by substantially devaluing the currency's dollar peg.

Kazakhstan to create financial market regulator

Kazakhstan National Bank Chairman, Grigory Marchenko, has said the central bank has decided to establish a special agency to regulate the Kazakhstan financial market, subordinate to the President, in January 2004, according to a report by the Times of…

Marchenko's prize

Grigori Marchenko, the unassuming but hugely competent governor of the National Bank of Kazakhstan, has received recognition for his instrumental role in turning his country into the most prosperous economy in the region by winning Euromoney's 2003…

Interview: Grigori Marchenko

In conversation with Benedict Mander, the chairman of the National Bank of Kazakhstan discusses reserve management policy, the importance of oil, and the difficulties in retaining staff at the central bank.

Kazakh National Bank chief may resign over rouble

A report from the Interfax-Kazakhstan news agency claims that Grigoriy Marchenko, chairman of the National Bank of Kazakhstan is ready to resign if the Russian rouble is adopted as the single currency of Belarus, Kazakhstan, Russia and the Ukraine.

Kazakh central bank lists economic union stages

The National Bank of Kazakhstan has listed the stages necessary for creating an economic zone between Kazakhstan, Russia, Ukraine and Belarus. Chairman of the Bank Grigoriy said the move will undoubtedly benefit Kazakhstan from growing trade between the…

Kazakhstan's foreign currency, gold reserves up

KAZAKHSTAN - Kazakhstan's foreign currency and gold reserves, including the National Fund's finances and the National Bank's gross foreign currency and gold reserves, have gone up by 1 per cent since the beginning of August, amounting to 4.58bn dollars.

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