Kazakh President instructed the National Bank to lower inflation in the medium term up to 4%

Almaty. November 30. Silkroadnews - National Bank should reduce the level of consumer prices in the medium term up to 4%, instructed the President of Kazakhstan Nursultan Nazarbayev.
According to him, the tenge exchange rate will no longer be supported by the National Fund.
"National Bank must conduct stress testing for all subjects of the banking sector on the subject of non-performing loans. According to the results it is necessary to take measures to recognize and write off. Banks that have been unable to solve the problem of capitalization, must leave the financial system. Kazakh banks have to comply with all international standards, including the Basel Committee, the International Monetary Fund", - said Nursultan Nazarbayev.
In Astana, Nazarbayev appears with another message to the people of Kazakhstan.