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Kazakhstan’s President meets Central Bank Governor

21 november 2013, 16:18
Central Bank Governor Kairat Kelimbetov. ©pm.kz
Central Bank Governor Kairat Kelimbetov. ©pm.kz
When meeting the country’s Central Bank Governor Kairat Kelimbetov, Kazakhstan’s President Nursultan Nazarbayev pointed to the necessity of analyzing system risks given the current state of the global financial markets, President’s Press Service reports.

“Head of State emphasized it was important to ensure stability of the major macroeconomic indicators and the country’s FX market”, the statement reads.

“At the meeting, Mr. Kelimbetov informed that at the end of October the annual inflation stood at 4.9%. The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues] , increased by 7.4% since the start of the year, reaching $92.4 billion. Besides, Central Bank Governor assured Head of State that all the [privately held] pension assets will be transferred into the state-run Single Pension Fund by April 1, 2014”, the statement reads.

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