The national Bank of Kazakhstan moved from Almaty to Nur-Sultan

The national Bank of Kazakhstan moved from Almaty to the capital of the Republic of Nur-Sultan, reported the press service of the Ministry.

The press release also stated that on behalf of the head of the state in the financial centre of Kazakhstan - in Alma-ATA open a permanent representative office of the national Bank. Its leader appointed Deputy Chairman of the Agency Dina Galieva.

According to the report, the representation of the national Bank will continue to work closely with the Agency on regulation and financial market development, the Association of financiers of Kazakhstan, actors of the financial market and international financial institutions.

Earlier, the head of the national Bank of Kazakhstan Yerbolat Dossayev noted that the redeployment of the National Bank in Nur-Sultan will increase the degree of coordination of macroeconomic policy with the government, work more closely with state authorities, Parliament and President, will accelerate the process of development and approval of joint documents, and reduce transaction costs from the Bank.

The headquarters of the national Bank remained in Almaty after the transfer in 1997 Kazakhstan's capital to Akmola, which was later renamed to Astana, and then in Nur-Sultan. This is due to the fact that in Alma-ATA are located the head offices of most financial institutions in the country and representatives of international financial organizations.

Meanwhile, from 1 January 2020, the national Bank transferred the functions of financial market regulation in a new independent body – the Agency for regulation and financial market development. The headquarters of the new Agency located in Alma-ATA.