Head of state received Chairman of National Bank
Daniyar Akishev informed Nursultan Nazarbayev on the current situation in the currency market.
Before the report of the Chairman of the National Bank, Nursultan Nazarbayev congratulated every Kazakh on the 25th anniversary of the national currency - tenge, Akorda reports.
"I congratulate every Kazakh citizen and professionals in the financial sector on the 25th anniversary of the national currency. We have overcome a difficult road. The introduction of tenge led to the financial independence of Kazakhstan. Today, we move to a new stage of development," said the President of Kazakhstan.
The Chairman of the National Bank informed the head of state on the current situation in the currency market and the main indicators of the country's economic development.
"In October 2018, inflation has been at the lowest level for the last three years - 5.3%. From the beginning of the year, accumulated inflation has been 3.7%. Our forecast for 2018 has been between from 5 to 7%," said Daniyar Akishev.
The National Bank Chairman told Nursultan Nazarbayev about the main factors that can affect the current inflation rate.
"First, it is to maintain the current inflation rate in the economy. Work to eliminate growth in prices is held with the government, as well as active work to find out the markets where prices are formed under the influence of subjective factors. Secondly, the situation in the countries that are our trade partners," said Akishev.
In addition, the President of Kazakhstan was also informed about the situation of the national currency rate. According to the Chairman of the National Bank, the current level of prices for energy is acceptable ensuring the stability of the exchange rate.
Akishev also reported on the state of international reserves of the country, which, as of late October, stood at US $29 billion, and assets of national funds in foreign currency reached around US $57 billion.
Following the meeting, Nursultan Nazarbayev gave specific instructions.