Kazakhstan EN masse in the mortgage

The volume of mortgage loans has reached 100 billion tenge per month. Source: kapital.kz In June of 2019, banks issued a record volume of loans to individuals for construction and purchase of housing. The volume of mortgage loans exceeded 92.2 billion tenge. The result is an absolute record. For comparison: the previous record was set in may 2019 69.7 billion tenge In June of 2018, the volume of mortgage lending amounted to 42.4 billion tenge.…

"Kazakhstan EN masse in the mortgage"

Inflation has spurred not only growth of income but also the distrust to tenge — expert

Economist Aidarkhan Kusainov commented on the statement by the head of the national Bank Yerbolat Dossayev about the relationship of inflation with improving the lives of citizens. photo from ru.sputniknews.kz That the national Bank may tighten monetary policy until the end of the year, it was said on 13 August at the government meeting. “The current level of the base rate and the monetary conditions ensure the preservation of inflation within the target corridor. However,…

"Inflation has spurred not only growth of income but also the distrust to tenge — expert"

Gold rebounded in price

Since the beginning of summer the price of gold rose by 2.9 thousand tenge per gram. And while all goes to that it will go up further. Source InZoloto.ru For the first time in the modern history of Kazakhstan the cost of a gram of gold exceeded 18.5 thousand tenge. According to the national Bank, the official price for precious metals on August 9, 2019 is 18531 37 tenge tiyn. Only the previous day she…

"Gold rebounded in price"

Oil “potbelly” of Kazakhstan is minus

The second month of summer returned to a negative trend in the assets of the National Fund of Kazakhstan. photo: newtimes.kz We will remind that in June the national Fund assets increased by 0.8%. In absolute terms – by 195,7 billion. Growth took place mainly due to the crediting of investment income for the first quarter of this year. In July, the situation has changed dramatically. In the second summer month recorded a decrease of…

"Oil “potbelly” of Kazakhstan is minus"

Yuan retreats? China launches its own cryptocurrency as a response to US sanctions

He stated that this is an alternative to yuan. But it’s unclear why do we need a country struggling with tokens. photo: asiasat.tv The development of Chinese state cryptocurrency is in the final stage. As reported the Deputy Director of the payments Department of the Central Bank of China Mu Changchun, ready and prototype digital currency (CBDC), and blockchain architecture. Chinese users and businesses will be able to have a digital wallet and exchange in…

"Yuan retreats? China launches its own cryptocurrency as a response to US sanctions"

What is the exchange rate of tenge to expect from the Bank?

Financial market participants disagreed on the future actions of the regulator. The results of the monthly survey of the Association of financiers of Kazakhstan (AFC) at this time is ambiguous. Some market participants expect a rise in the base rate, others believe in easing monetary policy. The dollar: above 400, but later Beginning of August was memorable for the long period of weakening of the tenge, which was accompanied by repeated updating of the record…

"What is the exchange rate of tenge to expect from the Bank?"

The change of the tenge exchange rate: the first signs

As history shows, significant recovery in the swap market may be preceded by great movements of national currency. In June, the volume of swap transactions on the Kazakhstan stock exchange (KASE) has shown modest growth. Compared to may it amounted to only 0.7%. The July increase was much more solid and 10.0%. If you look in monetary terms, the volume of transactions has grown by $627,9 million Moreover, it was maximum growth in July over…

"The change of the tenge exchange rate: the first signs"

The Chinese auto industry sights on global leadership

Leading Chinese automakers are investing billions of dollars in the construction of large factories in Africa, India and Europe. photo: carclub.ru The Chinese companies have a powerful incentive to actively capture foreign markets. It is the glut of your. Despite the fact that China’s domestic market is the largest in the world, it is car sales after 30 years of growth fell into stagnation. Moreover, in July the Chinese car market has fallen 12 months…

"The Chinese auto industry sights on global leadership"