National companies of Kazakhstan will again be obliged to sell half of foreign currency earnings. The relevant resolution was prepared by the Government and the National Bank. The measure is aimed at improving the balance of the foreign exchange market, according to the responsible persons. The dollar is getting more expensive, oil is getting cheaper and the tenge is under stress again.
In Kazakhstan, there has been a debate for many years about whether the National Welfare Fund brings real prosperity to the country
Comments from various economists, financiers and other people from the world of "money" have already been "infused" after Tokayev's message, where he called on everyone to "live within their means." And who does he make these traditional messages for anyway? One of these about the "National Fund", from which it is "impossible" to take, has long been forgotten. And what did he say this time? It didn't work out very well for us in a completely human language, but Dima tried his best.
In one of our previous issues, we talked about the catastrophic debt burden of Kazakhstanis. Among the reasons for the current situation, experts then called the policy of banks, which in previous years were in great honor with the country's leadership, and, as a result, received gigantic financial injections. Financial institutions used it, got rich, gave these funds at interest to customers and got rich again. But it couldn't go on like this anymore.
A new political season has started in Kazakhstan, and the country is waiting for large-scale reforms. The CSTO exercises are taking place in Kyrgyzstan. Kazakhstan and Tajikistan want to enrich their friendship with uranium. Who inculcates extremist views from the outside in Kyrgyzstan, and why does Turkmenistan begin the battle for the harvest with prayer? These and other regional news are in the new season of the program "In the Center of Asia" with Robert Frantsev.
