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Digital Tenge is No Panacea, Says Kazakhstan’s Top Fintech Official
01 Apr 2025 06:08 GMT
… he reveals why Kazakhstan needs digital currency and whether cash … -world use cases
Kazakhstan’s digital tenge, developed using blockchain … when discussing the digital tenge.
“Digital tenge, of course, … said he believes Kazakhstan has positioned itself …
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Kazakhstani tenge strengthened only against euro of four major currencies in January
03 Feb 2025 09:20 GMT
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Kazakhstan to curb spread between currency purchase, sale rates
14 Jan 2025 13:47 GMT
ALMATY, Jan. 14 (Xinhua) -- The National Bank of Kazakhstan has proposed to limit the deviation in the exchange rates of foreign currencies bought and sold by exchange offices, the country's financial regulator said Tuesday in a press release.
The bank …
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Kazakhstan’s International Reserves Surpass $45 Billion Due to Gold Purchases
13 Feb 2025 08:51 GMT
… 47.1 billion. Foreign currency assets totaled $21.3 … 58.5 billion. Thus, Kazakhstan’s net international reserves, … builds reserves through domestic currency market operations, purchasing excess … reserves help maintain the tenge exchange rate and cover …
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ADB and Local Currency Financing: A 20-Year Journey
10 Feb 2025 07:02 GMT
… Kazakhstan tenge, and Georgian lari featuring prominently. ADB’s aggregate local currency … lari, Indonesian rupiah, Kazakhstan tenge, Kyrgyz sum, Mongolian … bonds through the Kazakhstan Securities Depositary, … local currency loans
Local currency finance is …
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Trump’s Presidency: Impact on Kazakhstan’s Economy
30 Jan 2025 13:01 GMT
… declined against the tenge on the Kazakhstan Stock Exchange (KASE … and factors shaping the tenge’s future. Photo credit … back to 530 tenge or 550 tenge per dollar later … tenge
Kysykov noted that Kazakhstan is experiencing high demand for foreign currency …
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Kazakhstan’s Economy Achieves 4.8% Growth Amid Challenges in Oil Sector
29 Jan 2025 06:52 GMT
… of the National Bank of Kazakhstan (NBK) Timur Suleimenov said … and increased demand for foreign currency. To address this, the … pilot projects using the digital tenge, focusing on transparency in … activities worth 1.5 billion tenge ($2.8 million).
Looking …
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Kazakhstan to produce shale oil for first time in 2025
29 Jan 2025 00:00 GMT
… currency.
“The first production of shale oil in Kazakhstan … Kassym-Jomart Tokayev said Kazakhstan needed to exploit “technologically … percent, and the local currency — the tenge — is losing ground … more foreign investment into Kazakhstan’s energy and rare …
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Kazakhstan’s inflation hits National Bank's target, says Chairman Suleimenov
24 Jan 2025 11:37 GMT
… informed about the state of Kazakhstan’s economic and financial systems … , the Bank’s gold and forex reserves hit 45.8 billion … was at 3.4 trillion tenge, exceeding inflation by more than … measures taken to keep the tenge stable, and so on.
During …
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Kazakhstan Records 23% Growth in Gold and FX Reserves
17 Jan 2025 12:07 GMT
… the National Bank of Kazakhstan, reported Kazinform news agency … corporate securities. Foreign currency portfolios are held in … Kazakhstan’s gold and foreign currency reserves to support the tenge … for interventions in the currency market is unreasonable.
…