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Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Central Bank Governor Gregory Marchenko may file in his resignation letter

Euromoney’s 2003 central bank governor of the year may quit although his tenure only expires in 2015.

Central Bank Governor Gregory Marchenko may file in his resignation letter
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Tengrinews©
Central Bank Governor on the upside and downside of the suggested single pension fund

According to him, if there is a single pension fund managed directly by the Government or by the National Fund, there will be no deals closed with affiliated companies.

Central Bank Governor on the upside and downside of the suggested single pension fund
Central Bank Governor Gregory Marchenko. Vladimir Dmitriyev ©
National Bank shouldn’t act as both the owner and regulator of the single pension fund: Gregory Marchenko

President made the decision to the benefit of the nation (…) and it will be brought to life, Central Bank Governor pledged.

National Bank shouldn’t act as both the owner and regulator of the single pension fund: Gregory Marchenko
Photo courtesy of digit.ru
Kazakhstan’s major investor countries and investments destinations announced

As of September 30, 2012, the Netherlands were responsible for 1/3 of all the investments into the Kazakh economy ($49 billion), followed by the UK ($24.7 billion) and China ($18.2 billion).

Kazakhstan’s major investor countries and investments destinations announced
Tamgaly Petroglyphs comemmorative coins
National Bank released Petroglyphs of Tamgaly commemorative coins

National Bank of Kazakhstan released two silver Petroglyphs of Tamgaly coins with a nominal value of 500 tenge.

National Bank released Petroglyphs of Tamgaly commemorative coins
Photo by Yaroslav Radlovskiy©
Kazakhstan National Bank's 2013 inflation and GDP forecasts

According to Kazakhstan National Bank, the country’s inflation will stay within 6-8 percent, while the GDP growth may reach 6 percent.

Kazakhstan National Bank's 2013 inflation and GDP forecasts
©REUTERS
Kazakhstan’s gross foreign debt as of September 30, 2012 made up $134.9 billion

Foreign debt of the banking sector for the period from January to September 2012 fell down by 3.9% to $14.03 billion.

Kazakhstan’s gross foreign debt as of September 30, 2012 made up $134.9 billion
Commemorative coin, dedicated to the 20th anniversary of the CSTO
National Bank released CSTO commemorative silver coins

National Bank released commemorative silver proof quality coins with a nominal value of 500 tenge, dedicated to the CSTO anniversaries.

National Bank released CSTO commemorative silver coins
Kazakhstan President Nursultan Nazarbayev. ©akorda.kz
President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum

We need a favorable tax regime to support industrial production, new technologies and overall industrialization efforts: President Nazarbayev.

President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum
The Year of the Snake commemorative coin from the Oriental Calendar series
The Year of the Snake commemorative coins released in Kazakhstan

The National Bank of Kazakhstan announced release of The Year of the Snake commemorative gold and silver coins.

The Year of the Snake commemorative coins released in Kazakhstan
Toughening of the country’s retirement legislation may cause social tensions

We have to admit the country’s pension system has faced a crisis. Peniosn funds are ineffective in managing the money. Inflation is eating the accumulations, a Majilisman believes.

Toughening of the country’s retirement legislation may cause social tensions
Gregory Marchenko. By Vladimir Dmitriev ©
Central Bank Governor reports to President Nazarbayev

At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.

Central Bank Governor reports to President Nazarbayev
Photo courtesy of Tengrinews.kz
Kazakhstan National Bank's gold reserves increased by 30 percent

Share of gold in the gold and currency reserves of Kazakhstan's central bank increased by 30 percent from the beginning of the year.

Kazakhstan National Bank's gold reserves increased by 30 percent
Commemorative Eagle-owl coin.
Kazakhstan National Bank released eagle-owl coin with diamond

The National Bank of Kazakhstan has released commemorative Eagle-Owl and Panther coins.

Kazakhstan National Bank released eagle-owl coin with diamond
Kazakhstan’s Central Bank Governor criticizing those taking consumer loans

According to him, people tend to overestimate their earning abilities.

Kazakhstan’s Central Bank Governor criticizing those taking consumer loans
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Kazakhstan’s international reserves grow to $85.5 billion

According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.

Kazakhstan’s international reserves grow to $85.5 billion
Photo courtesy of profinance.kz
Kazakhstan residents prefer loans in tenge

According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

Kazakhstan residents prefer loans in tenge
Photo courtesy of kursiv.kz
Kazakhstan residents have almost $32 billion on bank deposits

A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

Kazakhstan residents have almost $32 billion on bank deposits
Nursultan Nazarbayev. © Daniyal Okassov
Kazakhstan’s Central Bank Governor tasked with further reforming the pension system

Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.

Kazakhstan’s Central Bank Governor tasked with further reforming the pension system
Photo courtesy of newskaz.ru
Kazakhstan’s National Oil Fund assets might be used to finance S&MBs

With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.

Kazakhstan’s National Oil Fund assets might be used to finance S&MBs