Before hearing the report of the chairman of the National Bank, Nursultan Nazarbayev congratulated all people of Kazakhstan `on the 25th anniversary of the national currency - tenge.
- Congratulations to all Kazakhstan’s population and all employees of the financial sector on the national currency's 25th anniversary. We have overcome a difficult path. Introduction of tenge marked the beginning of Kazakhstan’s financial independence. Today we are moving to a new stage of development, the President of Kazakhstan said.
The National Bank Chairman informed the Head of State about the current situation on the monetary and financial market and the main indicators of the country's economic development.
- In October 2018, inflation was at its lowest level in the last three years - 5.3%. From the beginning of the year, cumulative inflation has amounted to 3.7%. Our forecast for 2018 is formed in the range from 5 to 7%, Daniyar Akishev said.
The National Bank Chairman told Nursultan Nazarbayev about the main factors that could affect the present level of inflation.
- The first is preservation of the inflationary background in the economy. Together with the Government, we are working to prevent price rise. Active work is underway to identify those markets where prices are formed under the influence of subjective factors. The second is situation in the countries that are our trading partners, Daniyar Akishev said.
In addition, the President of Kazakhstan was informed about the situation with the national currency. According to the National Bank Chairman, the current level of energy prices is acceptable, which ensures the stability of the exchange rate.
Daniyar Akishev has also reported on the state of the country's gold and currency reserves: at the end of October they amounted to 29 billion US dollars, the assets of the national fund in foreign currency - about 57 billion US dollars.
At the end of the meeting, Nursultan Nazarbayev gave a number of specific instructions.
