At the end of last year, the dollar exchange rate in the exchangers of Kazakhstan exceeded 530 tenge.
Chinese marketplaces are killing Kazakhstan's SMEs-publications with such headlines have periodically appeared in local media over the past year. In Russian, by the way, too. What is behind the information attacks on Chinese platforms, with what results does e-commerce end the year in the country, and what problems should actually be solved? Read about this in today's TAJ.report analysis.
Of course, the main topic of the new podcast is the 530 course and everything related to it. The guest is Askar Kysykov, Director of the Talap Center for Applied Research. We figure out what happened to tenge, we figure out all sorts of scenarios, we strongly argue about the base rate (here Eldar and Askar are antagonists!) and we are trying to figure out how to continue to live for us and you, ordinary Kazakhstanis who receive salaries in tenge.
The state is still involved in the economy In May of this year, the Presidential Decree "On measures to liberalize the economy" was issued. The document is aimed at ensuring freedom of entrepreneurship through the development of competition, reducing state participation in the economy and reducing business costs.
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.
