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Reserves of the National Fund of Kazakhstan amount to $85 billion

Business Materials 17 September 2012 14:30
Reserves of the National Fund of Kazakhstan and gold assets amounted to $85 billion,
Reserves of the National Fund of Kazakhstan amount to $85 billion

Kazakhstan, Astana, Sept 17 /Trend D.Mukhtarov/

Reserves of the National Fund of Kazakhstan and gold assets amounted to $85 billion, Ak Orda said on Monday referring to the head of the Of the National Bank Grigory Marchenko.

Marchenko informed the president about the situation in the financial sector of the country, particularly in the banking sector and the exchange market during the meeting.

Marchenko noted that the situation on the currency market and the banking sector remains stable. The inflation rate in the country is rather low standing at 4.7 per cent.

Following the meeting, Nursultan Nazarbayev instructed the development of proposals on further reform of the pension system and the use of financial institutions in the financing of projects in the framework of public-private partnership.

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