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On 13 April 1993, in accordance with the Law "On the National Bank of the Republic of Kazakhstan", the National Bank of the Kazakh SSR was renamed the National Bank of the Republic of Kazakhstan. On 30 March 1995, a new Law of the Republic of Kazakhstan dated March 30, 1995 No. 2155 "On the National Bank of the Republic of Kazakhstan" was issued.
The National Bank of the Republic of Kazakhstan is the central bank of Kazakhstan and presents the upper (first) tier of the banking system of Kazakhstan. The National Bank represents, within the limits of its authority, the interests of the Republic of Kazakhstan in the relationship with the central banks, with banks of other countries, in the international banks and other financial-credit ...
On 2 September 2013, the National Bank of Kazakhstan moved the tenge from a managed float and pegged it to the US dollar and the Russian ruble. [30] On 11 February 2014, the Kazakh National Bank chose to devalue the tenge by 19% against the U.S. dollar in response to a weakening of the Russian ruble. [31]
The National Bank of Kazakhstan [NKB] will be testing the integration of their central bank digital currency (CBDC) on the BNB Chain.
The Astana International Financial Centre (AIFC) is a financial hub in Astana, Kazakhstan that officially launched on July 5, 2018. [2]The Constitutional Statute "On the Astana International Financial Centre" approved on 7 December 2015 provides a legal framework for the functioning of the AIFC as well as a favourable environment for its participants.
While the national bank was printing more money and causing inflation to occur at 7.4% and 13.6% in 2014 and 2015, respectively, the national bank has since lowered inflation to 6.8% in 2016. This was within the target range for the National Bank of Kazakhstan ( NBK ).
The National Fund investments in less liquid high yielding asset classes. The NIC manages assets entrusted to it by the National Bank of Kazakhstan. NIC invests in private equity, hedge funds, real estate and infrastructure through external managers and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds ...
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