Kazakh President receives National Bank Governor

Kazakh President receives National Bank Governor

Governor of the National Bank of Kazakhstan Timur Suleimenov presented a report on the outcomes of monetary policy implementation to President Kassym-Jomart Tokayev. Suleimenov informed on the slowdown in annual inflation and the persistent pro-inflationary factors within the economy. He also provided updates on the status of assets in the Unified Accumulative Pension Fund (UAPF) and the country’s gold and foreign exchange reserves. Additionally, the National Bank Governor discussed the progress of projects aimed at developing the National Payment System, implementing open banking principles, and establishing an Anti-Fraud Center to protect Kazakh citizens’ funds from fraudsters.