Politics • 02 February, 2018

Kazakh President Nazarbayev receives Akishev, Chairman of the National Bank

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During the meeting, Kazakh President heard the report of the National Bank on the results of work for 2017, reports the press service of Kazakh President.

Daniyar Akishev told Kazakh President about the National Bank’s current activities, key areas of monetary policy, as well as the situation on the country's financial market.

According to the Chairman’s report, the inflation rate for the year of 2017 was 7.1%, the volume of gold and foreign exchange reserves at the end of last year amounted to $ 30.7 billion.

‘In January the situation has become even better. The Bank's reserves grew by another 3% to $ 31.7 billion. The National Fund’s assets in foreign currency amounted to 58.3 billion dollars. In January 2018, the inflation rate was 0.6%. This has already been included in our new ranges, which we set for this year - from five to seven percent’,  Daniyar Akishev said.

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

 

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