• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
09 December 2025

Kyrgyz National Bank Conducts Largest Currency Intervention of 2025

To stabilize the som exchange rate, the National Bank of the Kyrgyz Republic (NBKR) carried out its largest currency intervention of 2025, selling nearly $174 million on the foreign exchange market.

According to the NBKR, $65.3 million was sold on the day of the transaction, with an additional $108.6 million sold under deferred payment terms. This marks the bank’s sixth intervention of the year and its most substantial by volume.

In previous months, the NBKR intervened with $158.3 million in April, $81.5 million in September, and $38 million in October.

The regulator emphasized that the som remains a floating currency and that interventions are undertaken solely to limit excessive volatility and ensure market stability.

Throughout 2025, the NBKR has only conducted dollar sales, without any reverse interventions to repurchase foreign currency. This pattern reflects sustained demand for foreign currency and active trade flows within the country. As a result of these actions, the som has remained stable, with the exchange rate holding just above 87 soms per $.

Since the beginning of the year, the NBKR’s total foreign currency sales have exceeded $590 million. Over the past five years, the bank has carried out 99 interventions, selling nearly $3 billion on the market.

Traffic Jam of 1,500 Trucks Reported at Kazakhstan-China Border Crossing

Approximately 1,500 freight trucks have been stranded at the Nur Zholy border checkpoint between Kazakhstan and China, Nur.kz has reported, citing the State Revenue Committee (SRC) of Kazakhstan.

According to the SRC, the congestion occurred despite a prior agreement with China to allow at least 800 trucks to pass through the crossing daily, with plans to increase that figure to 1,000 by year-end. However, from November 8 to 12, the actual number of vehicles processed by the Chinese side averaged only 700 to 750 per day. This shortfall was cited as the primary reason for the backlog on the Kazakh side.

Compounding the issue, repair and installation work at the Kalzhat-Dulaty crossing significantly reduced its capacity for about a week. As a result, part of the freight traffic was diverted to Nur Zholy, placing additional pressure on its infrastructure.

To alleviate the congestion, authorities have implemented a temporary adjustment to the electronic queue system. Starting November 13, daily vehicle entries will be capped at 650 to ensure a more balanced distribution of traffic and to support operational stability. The SRC stated that the situation is under constant monitoring and that negotiations with Chinese officials have resulted in mutual agreement on measures to improve border throughput.

In May, President Kassym-Jomart Tokayev issued a formal reprimand to then Transport Minister Marat Karabayev for persistent problems at border crossings and delays in key transit infrastructure projects. Karabayev was dismissed from his post the following month.

Former Soviet Nuclear Test Site in Semipalatinsk to House Kazakhstan’s Nuclear Waste

Kazakhstan plans to establish disposal sites for radioactive waste from its nuclear power plants at the former Semipalatinsk nuclear test site in the eastern part of the country, Deputy Chairman of the Atomic Energy Agency Gumar Sergazin announced during a briefing in Astana.

Sergazin stated that the operation of two 1,200 MW reactors, similar to those under construction at the country’s first nuclear power plant in the Almaty region, will produce approximately 50 cubic meters of radioactive waste annually.

Burial in the Semipalatinsk Zone

A new bill on radioactive waste management, presented to parliament this week, outlines plans to develop burial sites within the Semipalatinsk nuclear safety zone.

“This is already a contaminated area: the total area of the site is 18,000 square kilometers, of which about 8,300 are zones of elevated radiation,” Sergazin said.

The National Nuclear Center is scheduled to begin site preparation in 2026. The depth of burial will depend on groundwater levels, with international norms typically placing high-level waste at depths of up to 400 meters.

“Sanitary requirements will determine technical standards, including the type of cement and sealing techniques to prevent radiation leakage. Liquid radioactive waste will not be buried,” he clarified.

Sergazin emphasized that the Semipalatinsk site will serve as a centralized repository for waste from all future nuclear power plants in Kazakhstan. He also noted that radioactive waste is already present in the country, even in the absence of operational nuclear power stations.

Scale and Sources of Radioactive Waste

Kazakhstan has accumulated approximately 293 million cubic meters of radioactive waste to date, of which 290 million cubic meters are low-level waste, Sergazin said.

“The majority, about 237 million cubic meters, is located at the Semipalatinsk test site,” he noted.

The remaining waste, consisting of medium and high-level material, originates from industrial and scientific operations. Key contributors include the National Nuclear Center, the Institute of Nuclear Physics, the Ulba Metallurgical Plant in East Kazakhstan region, and facilities in Western Kazakhstan such as Koshkar-Ata and the Chemical and Hydrometallurgical Plant.

The agency estimates that safe disposal of liquid radioactive waste alone will require around $40 million.

Funding and International Participation

Given the scale and cost of the project, Kazakhstan intends to secure international grant funding. Sergazin confirmed that negotiations have begun with the European Bank for Reconstruction and Development. A draft agreement and roadmap have already been prepared as part of the Central Asia Environmental Safety Program.

“Participating countries are expected to provide grant-based funding. Adoption of the new legislation will establish the legal foundation necessary to attract external resources, avoiding the need for increased domestic budget spending,” he said.

Previously, The Times of Central Asia reported that Kazakhstan’s first nuclear power plant is slated for construction by the Russian state corporation Rosatom by 2035, while the second and third plants are expected to be built with the involvement of China National Nuclear Corporation (CNNC).

Kazakhstan Attracts Over $150 Million in Geological Exploration Investment in 2025

Investments in geological exploration in Kazakhstan surpassed $150 million during the first nine months of 2025, Deputy Minister of Energy Kayirkhan Tutkyshbaev announced at a recent government meeting. The exploration efforts led to the registration of five new deposits, boosting the country’s proven reserves of gold, copper, manganese, and phosphorites.

Tutkyshbaev noted that geological exploration projects attracted approximately $285 million in 2023 and $304 million in 2024. “By the end of this year, the volume of investment is expected to be no less than in previous years,” he stated.

According to the Ministry of Energy, Kazakhstan currently has 324 active hydrocarbon subsoil use contracts: 15 for exploration, 170 for combined exploration and production, 131 for production, and 8 production sharing agreements (PSAs).

Deputy Minister of Industry and Construction Iran Sharhan reported that five deposits, Kok-Zhon, Altyn-Shoko, Samombet, Student, and Takyr-Kaljir, have been newly registered. These discoveries have added an estimated 98 tons of gold, 36,000 tons of copper, 11 million tons of manganese, and 1.3 million tons of phosphorites to the country’s reserves.

“To date, 2.1 million square kilometers have been explored, and by the end of the year, this figure will reach 2.3 million,” Sharhan said. He added that the next phase involves more detailed studies to identify promising areas earlier in the exploration process.

From 2026 to 2028, the government plans to explore an additional 100,000 square kilometers, followed by 30,000 square kilometers annually. Next year, 44.4 billion tenge (approximately $84 million) is allocated for comprehensive geological and geophysical research, seismic exploration, and the development of industry infrastructure.

Prime Minister Olzhas Bektenov has directed the construction of a modern geo-laboratory in Astana, scheduled to begin in 2026, to support mineral-geochemical and analytical research. He also ordered the establishment of a National Digital Geological Information Fund, which will consolidate more than 5 million pieces of primary geological data collected over the past 80 years.

Currently, 83% of this archive, around 3.8 million records, has been digitized. The digitization rate is expected to reach 97.5% by the end of 2025, with full digital transition projected by the end of 2026.

Separately, The Times of Central Asia recently reported that new geological surveys at Kuirektykol, the country’s largest, rare earth metal deposit located in the Karaganda region, have revealed significantly higher reserves than previously estimated.

Kazakhstan Parliament Advances Bill to Ban ‘LGBT Propaganda’

Activists and human rights defenders in Almaty have condemned proposed legislative amendments aimed at banning so-called “LGBT propaganda” in Kazakhstan. Critics argue the initiative fosters an atmosphere of fear and hatred, undermines fundamental human rights, and risks isolating the country internationally. According to them, the issue is not about “propaganda” but about the right to visibility, safety, and dignity.

Penalties for Media, Posts, and Books

The public statements from rights groups follow a renewed effort to introduce such a ban. On October 29, a working group within the Mazhilis (the lower house of parliament) met to review amendments proposed by 15 deputies. The group approved the amendments, which stipulate that dissemination of content deemed as “LGBT propaganda,” if not qualifying as a criminal offense, would be punishable under the Code of Administrative Offenses.

Violations, including the distribution of content on social networks, could incur heavy fines or up to ten days of administrative arrest. Mazhilis deputy Yelnur Beisenbayev explained that “propaganda of non-traditional sexual orientation” includes disseminating information that promotes such orientations publicly or via mass media, telecommunications, or online platforms, especially if intended to shape public opinion positively.

Fellow deputy Irina Smirnova cited library books and cartoons featuring same-sex relationships as examples, stating that she “saw books in the library that promote LGBT, where a prince falls in love with a prince, two boys. There are cartoons that allow this to be shown, there are magazines and comics where all this is promoted.” Deputy Natalya Dementyeva, meanwhile, emphasized that the ban would extend to social media, films, and advertising.

The LGBT clauses form part of a broader bill on “protecting children from harmful information,” which amends several existing laws, including those on children’s rights, advertising, education, cinema, and media. Rights advocates say this packaging blurs the true scope of the restrictions.

On November 12, the Mazhilis passed the bill in its second reading and forwarded it to the Senate for consideration. The legislation prohibits the dissemination of information promoting pedophilia and non-traditional sexual orientation in public spaces. It will only take effect if approved by the Senate and signed by President Kassym-Jomart Tokayev.

Activists Warn Against Repressive Precedents

Human rights advocates stress that Kazakhstan must avoid replicating repressive measures seen in Russia, where similar laws have led to broad crackdowns following the invasion of Ukraine.

“We live in an independent and sovereign republic. Or are we already a colony of the Russian Federation?” asked Zhanar Sekerbayeva, co-founder of the feminist initiative, Feminita. She noted that the LGBT community and activists in Kazakhstan have faced harassment for years.

“Because of these amendments, people can be punished for anything – jokes, drawings, hugs,” said Arj Tursynkan, an activist with the NGO Education Community. He argued that the legislation is not just a legal text, but a test of Kazakhstan’s commitment to international norms of dignity and freedom.

Independent human rights expert Tatyana Chernobyl added, “There is absolutely no reason to protect children from so-called LGBT propaganda at this time. The LGBTQI+ community in Kazakhstan is not protected either by law or in practice.” She described the amendments as inciting discrimination and violence.

Human Rights Watch and Amnesty International have urged parliament to withdraw the bill, warning that its vague definition of ‘propaganda’ invites arbitrary enforcement and contravenes Kazakhstan’s international commitments under the ICCPR.

A Recurring Initiative

This is not the first legislative attempt to criminalize LGBT expression. In April 2024, deputies proposed criminal penalties for LGBT propaganda through changes to the media law, though the provision was later removed from the final bill.

Proponents of the ban often cite public opinion. An online petition titled “We are against open and covert LGBT propaganda in Kazakhstan” gathered 50,000 signatures in June of that year, enough for consideration at the government level. However, no comprehensive public opinion poll has been conducted. Some supporters have attempted to equate “LGBT propaganda” with incitement to social or religious hatred, which carries serious legal penalties in Kazakhstan.

Kazakhstan has positioned itself as a country open to international dialogue and investment, particularly in fields such as artificial intelligence and digital technology. Activists warn that such prohibitive laws risk undermining that image and hampering economic development.

A Conservative Response

Political analyst Gaziz Abishev advocates a conservative stance, asserting that LGBT individuals should follow the same moral standards as heterosexuals.

“I am completely neutral towards representatives of various groups,” Abishev wrote on Telegram. “But they should be treated like ordinary people and behave accordingly. If heterosexuals are criticized for excessive public displays of sexuality, the same should apply to LGBT individuals.”

Abishev also rejected both anti-LGBT rhetoric from ultra-conservatives and what he called “hybrid incitement of hatred” by LGBT groups toward traditional values. “Not everyone is obliged to live in ultra-liberal families with the mandatory early disclosure of gender identity,” he stated.

Deputy Nikita Shatalov criticized international human rights organizations for opposing the legislation. “It is nonsense for someone to impose their point of view on us through informational pressure,” he said. “This is unacceptable.”

Shatalov emphasized that Kazakhstan does not and cannot engage in persecution based on identity, asserting that the bill focuses solely on public discourse and the protection of minors.

Kazakhstan and Israel Strengthen Cooperation on Water Resource Management

On November 11, Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov and Israel’s Minister of Regional Cooperation David Amsalem signed a memorandum of cooperation to deepen bilateral ties in the field of water resource management.

The agreement outlines joint efforts in modernizing Kazakhstan’s water management infrastructure, improving water use efficiency, implementing water-saving and reuse technologies, and exchanging expertise in innovation and technology, particularly in the collection, management, and processing of remote sensing data.

The memorandum also covers cooperation in the digitalization of water resource monitoring, flood and drought risk management, scientific and technical collaboration, and specialist training programs.

As part of the visit, the ministers held talks with representatives of leading Israeli companies to explore partnerships on introducing water-saving technologies in Kazakh agriculture and training Kazakh specialists at Israeli enterprises.

“Israel has extensive experience in water resource management under challenging climatic conditions and offers advanced technologies,” said Minister Nurzhigitov. “We are interested in long-term, mutually beneficial cooperation to modernize Kazakhstan’s water sector across the board, including the digitalization of water metering and distribution, deployment of cutting-edge water-saving systems, use of modern data collection methods, and professional development of our specialists.”

Israeli firms have previously expressed interest in participating in the construction and reconstruction of reservoirs in Kazakhstan, and in supplying the country with modern flood forecasting and protection systems.

Kazakhstan’s Ministry of Water Resources and Irrigation plans to build 20 new reservoirs by 2030, with a combined capacity of 2.5 billion cubic meters. The project is expected to reduce the country’s reliance on upstream water sources from Kyrgyzstan and China by 25%, mitigate drought in southern regions, and lower flood risks for 70 rural settlements with a combined population of nearly 140,000. Additionally, irrigation will be expanded to cover another 250,000 hectares of farmland.

The ministry also plans to reconstruct 15 existing reservoirs, adding another 1.9 billion cubic meters in water storage capacity.