He said, 'The trading sessions (of the Kazakh tenge
at KASE) held over the past weeks have showed that with the traded volume being not very large, rocking the boat even in a small way can create an artificial deficit of the tenge
and increase the volatility of the exchange rate.
Ashgabat, 24 August 2015 (nCa) -- On 20 August 2015, Kazakhstan decided to do away with the dollar-pegged exchange rate and allow Tenge
to free float as per market conditions.
Capital expenditure in 2015 is expected to be 95 bn Tenge
(US$516m), which is 11 bn Tenge
(US$59m) or 13% more than the capital expenditure plan for 2015 approved in March 2015.
London, United Kingdom, Feb 12, 2014 - (ABN Newswire) - Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is pleased to provide the following update on initial drill results relating to the measured resource estimation of the Tenge
resource block at the Company's Tete pig iron and ferro-vanadium operation in Mozambique.
Kazakhstan on Tuesday devalued its tenge
currency by 19 per cent to about 185 per dollar, taking the wind out of the sails of speculators and adjusting the rate to the freer float of its main trading partner Russia.
In the near future we do not expect any currency risk for assets denominated in Tenge
They are willing to pay 505 tenge
(pounds 2) extra for the pounds 13.
FLORENCE - "If you have anything you don't want sand in," Josh Tenge
warned the group standing in a semicircle before him, "now's the time to take it off.
Pursuant to this agreement, HKM agreed to total tax obligations owing by HKM to the Government of Kazakhstan with respect to certain employee remittance amounts, road taxes and royalties in the amount of 928 million tenge
The bank's loan portfolio grew to 2,465 billion tenge
Net profit for the first nine months of 2015 was 138bn Tenge
(US$703m 1 ) compared with 242bn Tenge
(US$1,357m) for the same period in 2014.
The central bank's press service declined to comment further on the tenge