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“Kazakh central bank intervenes in FX market to stabilize tenge”, "Why Russia and the U.S. Disagree on Syria", "How to Resolve the War in Ukraine", “Olzhas Khudaibergenov on currency interventions”,

September 18 2015, 12:24

tengrinews.kz. “Kazakh central bank intervenes in FX market to stabilize tenge" - The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge, Tengrinews reports citing the press office of the bank. Kazakhstan's central bank floated the tenge on August 20. Before that it kept the exchange rate in a fixed band with a ceiling of 188 tenge per 1 dollar. After the band was abandoned the tenge plunged to its record low losing more than 50% of its value in a matter of days.

bloombergview.com. "Why Russia and the U.S. Disagree on Syria" - Now that Russia has made it clear that it won't stay on the sidelines in the Syrian conflict, U.S. strategists are forced to think up a response. That's a familiar situation: For years, the U.S. has responded to each isolated Russian action instead of admitting that the two countries are on different sides of an important conceptual dispute about the nature of sovereignty.

nationalinterest.org. "How to Resolve the War in Ukraine" - As the fall of 2015 unfolds, the Russia-Ukraine crisis is not generating nearly as much news attention as it created throughout most of 2014. But in fact, it is still very serious—which is why the incoming Chairman of the Joint Chiefs of Staff, General Joseph Dunford, told Congress in his recent confirmation hearings in July of this year that no issue concerned him more. The hope that the so-called Minsk II agreement, negotiated last winter, will produce a durable solution seems very unlikely. That plan called for greater autonomy for eastern Ukrainian provinces in return for a verifiable ceasefire, with the lifting of western sanctions on Russia to follow.

tengrinews.kz. “Olzhas Khudaibergenov on currency interventions" - Olzhas Khudaibergenov, a local economist popular on social networking websites for his comments and explanatory articles, is worried that frequent currency interventions of the Central Bank to sustain the current tenge exchange rate may result in diminishing of the money of the National Oil Fund [accumulating windfall oil revenues]. That was the opinion voiced by him in an interview for Tengrinews.kz.



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