National Bank moves to managed float exchange rate regime in March
13:32, 18 January 2011
ASTANA. January 18. KAZINFORM. /Serik Sabekov/ "National Bank of Kazakhstan will transfer to the managed float exchange rate regime this March," Deputy Chairman of the National Bank Bissengali Tadzhiyakov made public at today's governmental meeting.
This move is stipulated by the national currency stability which is forwarded by favorable pricing environment on the ground of the Kazakhstan export, external payments position and sufficiency of gold and foreign exchange reserves.
In 2011 the National Bank gives a priority to pursuing a monetary policy focused on keeping inflation rate low within a 6.8% trading band.