The President was informed of the pros and cons of the current inflation and exchange rates.
On February 3, President of Kazakhstan Kassym-Zhomart Tokayev had a working meeting with Chairman of the National Bank of Kazakhstan Yerbolat Dossayev, who reported on fiscal and monetary developments in January 2021, the press office of Akorda reports.
Reporting on preliminary indicators of the monetary policy implementation, the Chairman of the National Bank informed the President of the quantity of gold and foreign exchange reserves and other resources held by the National Fund of Kazakhstan.
The Chairman of the National Bank informed the President of the ongoing volatility and variables affecting global economic recovery. Reporting on internal financial activities, Dossaev presented the preliminary report on the balance of payments for 2020 and dwelt on the pros and cons of the current inflation and exchange rates.
Reporting on the fulfilment of the President’s instructions, the official said the progressive implementation of the mechanism for using long-term pension savings by citizens was ensured.
Commenting on the report, the President gave specific instructions to the National Bank.