Fluctuation-that’s no reason for pensions and deposits' indexing-Minister of Economy - News | BNews

Fluctuation-that’s no reason for pensions and deposits' indexing-Minister of Economy

14 September, 2018, 14:57 164
Fluctuation-that’s no reason for pensions and deposits' indexing-Minister of Economy

Timur Suleimenov assures population should not worry about of savings’ depreciation.   

There will be no indexation of pensions and deposits linked to the exchange rate. This is not stipulated by law,” Minister of National Economy of Kazakhstan stated BNews.kz correspondent with reference to Astana TV Channel.

According to Timur Suleimenov, the population should not worry about depreciation of savings.

“There is no matter how much it will cost in dollars”  the minister explained his position.

"As for the indexation fluctuation of the exchange rate of the currency, this is not projected. Fluctuation -that’s no reason for pensions and deposits indexing. It is necessary to look at the index of changes in consumer prices…, " Minister of National Economy Timur Suleimenov said.

Recall, on the eve of the members of the Parliament, the state should ensure the protection of pension savings and tenge deposits because of the weakening of the tenge. In particular, Aikyn Konurov suggested indexing with the link to the exchange rate. In his opinion, the population only has to prepare morally and suffer losses because of the passive supervision of the financial controller for what is happening.