Kazakhstan

January 10, 2022

EMTA publishes a Guidance Note for KZT NDF and NDO Transactions. EMTA Members may CLICK HERE to view this Guidance Note.

National Bank of Kazakhstan On Re-Opening of the Financial and FX Trading Markets.

May 25, 2020

Kazakhstan Stock Exchange Resumes Normal Hours.

April 20, 2020
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 94 on Valuations During Restricted Trading Hours for KZT/USD Non-Deliverable FX Forward and Currency Option Transactions.

April 10, 2020

Kazakhstan Stock Exchange (KASE) Updates Advisory on Limitations in Derivatives and Currency Markets Trading from April 10 to April 17.

April 6, 2020
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 93 on April 6 - April 10 Valuations for KZT/USD Non-Deliverable FX Forward and Currency Option Transactions dated April 6, 2020.

April 4, 2020
Kazakhstan Stock Exchange (KASE) Updates Advisory on Limitations in Derivatives and Currency Markets Trading from April 6 to April 10.

March 30, 2020

EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 91 on March 30-April 3 Valuations for KZT/USD Non-Deliverable FX Forward and Currency Option Transactions dated March 30, 2020.

March 27, 2020

Kazakhstan Stock Exchange (KASE) Issues Advisory on Limitations in Derivatives and Currency Markets Trading from March 30 to April 3, 2020.

March 16, 2020
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 90 on Updated Template Terms for KZT/USD Non-Deliverable FX Forward and Currency Option Transactions.

October 14, 2019
Letter to EMTA from the National Bank of Kazakhstan dated October 14, 2019

September 12, 2018
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 85 on Kazakhstani Tenge/US Dollar Rate Source. CLICK HERE to view Market Practice No. 85.

August 20, 2018
Kazakhstan Stock Exchange Moves to a TOM Foreign Exchange Rate.

April 22, 2016
Moody’s Downgrades Kazakhstan’s Issuer Rating from Baa2 to Baa3.

February 17, 2016
Standard & Poor’s Downgrades Kazakhstan’s Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

February 9, 2015
Standard & Poor's Downgrades Kazakhstan's Long-Term Foreign Currency Sovereign Credit Rating from BBB+ to BBB.

April 9, 2014
ISDA Credit Derivatives Determinations Committee Determines a JSC Alliance Bank Failure to Pay Credit Event.

November 20, 2012
Fitch Upgrades Kazakhstan’s Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+.

October 4, 2012
BTA Bank Press Release Regarding its Restructuring.

November 21, 2011
Fitch Upgrades Kazakhstan’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BBB.

November 7, 2011
Standard & Poor's Upgrades Kazakhstan's Long-Term Foreign-Currency Sovereign Credit Rating from BBB to BBB+.

December 23, 2010
Standard & Poor’s Upgrades Kazakhstan’s Long-Term Foreign Currency Rating from BBB- to BBB.

March 17, 2010	BTA Bank Restructuring – Press Release on Revised Terms can be located at http://www.bta.kz/en/investor/ and Trade Finance Adjudication Press Release.
March 4, 2009	EMTA publishes its Recommended FX and Currency Derivatives Market Practice No. 50 on standard terms for NDF and NDO transactions for the Kazakhstan Tenge and the Ukrainian Hryvnia.
November 10, 2008	Fitch Downgrades Kazakhstan's Long-Term Foreign Currency Issuer Default Rating from BBB to BBB-.
September 17, 2008	"Kazakh Banks and the Kazakh Government" Presentation by Jonathan Schiffer (Moody's Investors Service) at the EMTA Corporate Bond Forum.
October 9, 2007	Standard & Poor's Downgrades Kazakhstan's Long-Term Foreign Currency Rating from BBB to BBB-.
November 2, 2006	Standard & Poor's Upgrades Kazakhstan's Long-Term Foreign Currency Rating to BBB.