Introduction of tenge is a crucial milestone towards the formation of our statehood - Nazarbayev

16 November, 2018, 09:23 511
Introduction of tenge is a crucial milestone towards the formation of our statehood - Nazarbayev

The head of state welcomed participants of the Congress of Financiers of Kazakhstan. 

Kazakh Deputy Prime Minister Yerbolat Dosayev delivered a welcome speech on behalf of the head of state at the 8th Congress of Financiers of Kazakhstan, BNews.kz correspondent reports. 

"I am glad to welcome everyone at the 8th Congress of Financiers of Kazakhstan. This Forum is held on the 25th anniversary of the national currency. The introduction of the national currency is a crucial milestone towards the formation of our statehood, enabling to establish a financial system, economic sovereignty, and an independent monetary policy," said Nursultan Nazarbayev said. 

The head of state underlined that since gaining independence Kazakhstan's economy has considerably climbed, with foreign investment exceeding 300 billion dollars. The number of international reserves amounts to over 86 billion dollars. Structural and institutional reforms are actively carried out, as well as the third modernization is already underway. 

The Astana International Financial Centre providing greater access to capital and a wider range of financial services was established, where sovereign Euro bonds of Kazakhstan and IPO were placed.  

Nowadays a global dialogue for searching for optimal solutions to improve the international financial architecture is essential amid the rapid transformation of the world economic landscape. 

"I am sure that the Congress will be an effective platform for constructive exchanges of views and for developing new approaches towards strengthening financial cooperation between the states for the sake of sustainable development and growth of our nations. Wish everyone success and productive work," said the President.