Articles by Mikhail Maksimov

Kazakhstan Chairs Working Group of Preparatory Commission for Comprehensive Nuclear-Test-Ban Treaty

NUR-SULTAN – This year marks the 30th anniversary of the closure of the Semipalatinsk nuclear test site. On August 29, 1991, Kazakh First President Nursultan Nazarbayev signed a historical document, a decree on the closure of the Semipalatinsk nuclear test site.  The international community, recognizing the contribution of Kazakhstan in strengthening the non-proliferation regime of…

Tenge exchange rate fluctuates, draws increased attention

ASTANA – Fluctuations of the tenge’s exchange rate in the currency market are based on a number of factors, including concerns about the future of ruble after the U.S. additional sanctions against Russia, as well as boom demand on dollars caused by speculative comments in mass media. Changes of the tenge’s exchange rate on the…

National Bank to continue floating exchange rate, other inflation control measures in 2017

ASTANA – In 2017, the National Bank of Kazakhstan will continue its policy of a free floating exchange rate, its strengthening of the base rate on the real sector of economy and will retain principles of inflation targeting, Daniyar Akishev, chair of Kazakhstan’s National Bank, announced recently. “Last year was a difficult one. It was…