Gregory Marchenko replaced with Kairat Kelimbetov as Central Bank Governor

Kazakhstan’s President Nursultan Nazarbayev commented on replacing Central Bank Governor Gregory Marchnko with Kairat Kelimbetov starting from October 1, Tengrinews reports citing the official presidential website. Nursultan Nazarbayev elaborated that Mr. Marchenko had been relieved of duties for family reasons. “He worked in this position for many years, steering Kazakhstan through tough times. He made a great contribution into the country’s financial system, into the National Bank, into management of the National Oil Fund. I am grateful for all of his efforts”, President said. “Mr. Kelimbetov is 45 years old. He holds degrees from the Moscow State University and Georgetown University. He has been Minister of Economic Affairs, Vice PM, a negotiator on the Customs Union and the Eurasian Economic Union. I believe his expertise will have a positive impact on the National Bank”, President said, adding that the decision will benefit the Nation and assured the National Bank’s policy wouldn’t change.