Tenge strengthened by 4% since beginning of the year

An online conference Kazakhstan’s chairman of the National Bank Daniyar Akishev spoke about the main economic indicators at the moment, reports Kazinform.

"Since the beginning of the year, the tenge has strengthened by 4%. Demand for tenge in January increased. New loans in second-tier banks for January amounted to 830 billion tenge. 14.7% rate on loans. 45.4% of the dollarization of deposits (including 51% on deposits of natural persons), "said Daniyar Akishev.

According to him, since the beginning of the year, inflation has been reduced.

"Its indicator is 6.8% in annual terms and corresponds to the corridor set for this year (from 5 to 7%). Gold and exchange currency reserves for January rose by 3.2%, to $ 31.7 billion. 58.3 billion dollars are the assets of the National Fund. Excess tenge liquidity is observed. Regulation is carried out at the expense of short-term notes of the National Bank, their volume for today is 4 trillion tenge. The yield on instruments is decreasing, "said Daniyar Akishev.

If at the end of last year, the maximum interest rate on notes was 9.43%, in February it is 9.02%.

Accumulations in the EPPF as of February 1 this year amounted to 7.8 trillion tenge, an increase of 0.4% since the beginning of the year.

“The Qazaq Times”