Meeting of Nursultan Nazarbayev and head of National bank

Astana, 5 November 2008, (Khabar) - Head of state, Nursultan Nazarbayev met
the chairman of the RK National bank Anvar Saidenov in the Ak Orda.

They discussed the main directions for monetary policy held by the National bank.
Anvar Saidenov reported that due to the constant flow of foreign investments
and trade, the republic's balance of payments has a positive surplus.
Moreover, according to the 10 months results, the level of inflation has
decreased and the president asked the government, the National bank and the
local authorities to hold this index at around 10%. Also, Nursultan
Nazarbayev asked the chairman of the National bank to coordinate issues of
interaction with member states of the Shanghai Cooperation Organisation and
the CIS in the area of financial policy. During the meeting, Anvar Saidenov
reported to the president concerning the celebration of the 15th anniversary
of the introduction of the national currency which will be on the 15th of
November.

Anvar Saidenov, chairman of RK National bank:
- We discussed the allocation of money to the "SamrukKazyna" fund to support
the economic development rates, the non-extractive sector, SMEs, the
construction industry and agriculture. We were asked to remit 5 billion US
dollars to the accounts of the "SamrukKazyna" fund as fast as possible and
we will solve this issue within a week.