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Meeting with Chairman of the National Bank Daniyar Akishev

by September 30, 2016 Legal

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

The Kazakh President took note of the importance of the National Bank’s work being a regulator of financial markets.

In turn, the National Bank Chairman informed the President about the exchange situation and inflationary tendency.

– Over the course of 8 months in 2016 the inflation amounted to 5.4%. According to your instructions, the Government and local executive authorities are actualizing the measures aimed at preventing baseless advance in price. On the exchange market amid stabilization of oil prices and rate of the Russian rouble the situation is back to normal, D.Akishev said.

In addition, the Chairman of the National Bank noted the increase in the number of local currency deposits. There is also a positive dynamics in the process of resuming credit activities. Among other things one observes growth in the small business sector lending from the beginning of the year by 35%.

Following the meeting the Head of State gave a number of specific instructions.

Source: President of the Republic of Kazakhstan