The President of Kazakhstan replaced the head of the National Bank – Kommersant
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President of Kazakhstan Kassym-Jomart Tokayev dismissed Galymzhan Pirmatov, chairman of the National Bank. The relevant decree published on the website of Mr. Tokaev. The reasons for the dismissal are not given. Pirmatov, 51, has been in office since February 2022.
Olzhas Bektenov, the head of the administration of the Kazakh president, at a meeting of the Senate, submitted Timur Suleimenov’s candidacy for the post of head of the National Bank for consideration. Previously, Mr. Suleimenov headed the Ministry of National Economy. “Timur Suleimenov was also the Deputy Chairman of the National Bank, so he knows the functions and activities of the financial regulator well,” Mr. Bektenov assured (quote from Interfax). The Senate approved the candidacy of Timur Suleimenov for the post of head of the National Bank of Kazakhstan.
August 25 Regulator He has made a decision lower the base rate from 16.75% to 16.5% per annum against the backdrop of lower pro-inflationary risks. This was the first rate cut in Kazakhstan since 2020.
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