The level of dollarization of the economy of Kazakhstan is 70%

Almaty. June 25. Silkroadnews - The level of dollarization of the economy of Kazakhstan is 70%. This was informed by Deputy Chairman of National Bank of Kazakhstan Kuat Kozhahmetov, reported KazTAG.
"That is, banks do not have tenge liquidity. They don't have tenge. They have hard currency. Globally, this issue is resolved. We have provided 130 billion tenge to banks for mortgages - "long" cheap tenge, which have already gone to the banks. This money is going to solve the problems of mortgage holders, for refinance. This is a serious amount of money and unprecedented measure. We give it to final borrowers at 3% for 20 years. This is a very good opportunity for banks to use them for credits", - he explained.
In addition, were sent money to the fund of problem loans.
"We alloccated 250 billion tenge for problem loans, and this amount goes into the merged bank - Kazkommertsbank and BTA. Its market share would be 24-25%. This is a serious amount of money. A very large amount of money is going through "Nurly Jol". If the banks were taking money from abroad, now we have replaced this by internal funding", - said K.Kozhahmetov.
According to him, Kazakhstan has more than $24 billion deposits of individuals.