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Akishev reported to President on normalization of situation on currency market

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During the meeting D. Akishev has reported to the President on the current activity of the National Bank.

The Kazakh President has paid attention to the importance of the work of the National Bank as a regulator of the financial markets.

In turn, the Chairman of the National Bank has informed the President about the situation in the foreign exchange market and inflation.

“For 8 months of 2016, inflation was 5.4%. According to your instructions, the Government and local executive authorities implemented measures to avoid unjustified price increases. In the foreign exchange market in terms of oil prices and the stabilization of the ruble the situation returned to normal”, D. Akishev has said.

In addition, the Chairman of the National Bank has noted an increase in the number of deposits in the national currency. Also, there is a positive dynamics in the process of resuming lending. In particular, the increase in the small business sector lending has been observed from the beginning of the year by 35%.

Following the meeting the Head of State has given a number of specific instructions.

Source: Kazakhtan 2050

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