...

Factors of capital amnesty success named in Kazakhstan

Business Materials 17 April 2014 17:21 (UTC +04:00)

Astana, Kazakhstan, April 17
By Daniyar Mukhtarov - Trend:

The success of the activity on capital amnesty, which will begin in Kazakhstan in the second half of this year, will depend on several factors, chairman of the Kazakh National Bank Kairat Kelimbetov said on April 16.

"Everything will depend on the explanation of the capital amnesty, guarantees, citizens' trust in this project," he said.

"The relevant legislative acts must be approved in Kazakhstan in the first half of this year," he said.

"Second, much will depend on its timing," he said. "The activity will conditionally start in the second half of this year. It is planned to complete by the end of next year."

In these circumstances, the amount of capital amnesty in Kazakhstan can reach billions of dollars. Kelimbetov failed to give an accurate prediction.

"Unfortunately, we have no reliable statistics about the previous capital outflow," he added.

Kazakh President Nursultan Nazarbayev ordered conducting the capital amnesty before the introduction of the universal declaration, which is scheduled to start from January 1, 2017.

translated by NH

edited by CN

Tags:
Latest

Latest