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National Bank of Kazakhstan

Coordinates: 43°14′07″N 76°55′04″E / 43.2352°N 76.9179°E / 43.2352; 76.9179
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National Bank of Kazakhstan
Қазақстан Ұлттық Банкі
Qazaqstan Ūlttyq Bankı
HeadquartersAstana
Established13 April 1993 (1993-04-13)
Ownership100% state ownership[1]
GovernorTimur Suleimenov
Central bank ofKazakhstan
CurrencyKazakhstan Tenge
KZT (ISO 4217)
Reserves19,790 million USD[1]
Websitewww.nationalbank.kz

The National Bank of Kazakhstan[a] is the central bank of Kazakhstan.

History

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The former headquarters of the National Bank of the Republic of Kazakhstan in Almaty

The National Bank of Kazakhstan was established on the basis of the Kazakh Republican Bank of the State Bank of the USSR (since 1990, the State Bank of the Kazakh SSR; since 1991, the National State Bank of the Kazakh SSR).

On 13 April 1993, in accordance with the Law "On the National Bank of the Republic of Kazakhstan", the National Bank of the Kazakh SSR was renamed the National Bank of the Republic of Kazakhstan.

On 30 March 1995, a new Law of the Republic of Kazakhstan dated March 30, 1995 No. 2155 "On the National Bank of the Republic of Kazakhstan" was issued.

On 15 November 1999, the National Bank of Kazakhstan became the founder and the sole shareholder of the Kazakhstan Deposit Insurance Fund ("KDIF").

Management Structure

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The National Bank is accountable to the President of the Republic of Kazakhstan, but acting independently to the extent scope of authority granted under the legislation thereto.

The National Bank coordinates its activities with the Government of the Republic of Kazakhstan, taking into account and facilitating the economic policy of the government, unless it contradicts the implementation of its own basic functions and monetary policy.

The supreme governing body of the National Bank is the Management Board, and the operational control authority is the Board of Directors. The Management Board consists of nine people. The Management Board includes the Chairman of the National Bank and four officials (Vice-Chairmen) of the National Bank, one representative of the President of the Republic of Kazakhstan, two government representatives of the Republic of Kazakhstan and the Chairman of the Committee for Control and Supervision of the Financial Market and Financial Institutions of the National Bank.[2]

The organisational structure of the National Bank of Kazakhstan comprises the followingCentral headquarters:[3]

  • the Central Office consisting of 11 departments (with one department in Nur-Sultan), 10 independent offices and 1 independent department
  • 16 regional branches and one branch in the City of Almaty: Cash and Custody Services Centre
  • Five reporting entities:
    • Centre for Operational Support of the National Bank of the Republic of Kazakhstan, Joint Stock Company
    • Kazakhstan Interbank Settlement Centre, the Republican State Enterprise on the Right of Economic Use
    • Banking Service Office of the National Bank of Kazakhstan, Joint Stock Company
    • Kazakhstan Mint of the National Bank of the Republic of Kazakhstan, the Republican State Enterprise on the Right of Economic Use
    • The Banknote Factory of the National Bank of the Republic of Kazakhstan, the Republican State Enterprise on the Right of Economic Use

Governors

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Governor Took office Left office Notes
Ghalym Bainasarov 1992 1993 [4][5]
Daulet Sembaev 1993 1996 [4]
Oraz Jandosov 1996 1998 [4]
Kadyrzhan Damitov 1998 1999 [4]
Grigori Marchenko 1999 2004 [4]
Anvar Saidenov 2004 2009 [6]
Grigori Marchenko 2009 2013 [4]
Kairat Kelimbetov 2013 2015 [4]
Daniyar Akishev 2015 2019 [7]
Erbolat Dossaev 2019 2022 [8]
Galymzhan Pirmatov 2022 2023 [9]
Timur Suleimenov 2023 Incumbent [10]

Shares

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The National Bank of the Republic of Kazakhstan is the stockholder of the following corporations:

Location

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It is headquartered in Astana, located on Mäñgılık El street, 57A.[13]

See also

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Notes

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  1. ^ Kazakh: Қазақстан Ұлттық Банкі, romanized: Qazaqstan Ūlttyq Bankı; Russian: Национальный Банк Казахстана, romanized: Nacionaljnyj Bank Kazahstana

References

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  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ Body of the National Bank of Kazakhstan
  3. ^ Central headquarters
  4. ^ a b c d e f g "История Национального Банка". National Bank of Kazakhstan. Retrieved 15 January 2020.
  5. ^ Pastor, Mr Gonzalo C. (22 April 2001). "The IMF and the Ruble Area, 1991-93". International Monetary Fund – via Google Books.
  6. ^ "Председатели Нацбанка РК: и первые стали последними". www.forbes.kz. 28 May 2013.
  7. ^ Глушкова, Светлана (27 February 2016). "Сто дней Данияра Акишева во главе Нацбанка". Радио Азаттык (in Russian).
  8. ^ "Dossaev Erbolat Askarbekovich". almatydc.kz.
  9. ^ "Kazakh President signs order appointing Galymzhan Pirmatov Chairman of National Bank". Казинформ. 3 February 2022.
  10. ^ "Тимур Сулейменов – новый глава Нацбанк". forbes.kz (in Russian). 4 September 2023.
  11. ^ Deposit Insurance System in Kazakhstan
  12. ^ Brlefly about the fund
  13. ^ National Bank of Kazakhstan
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43°14′07″N 76°55′04″E / 43.2352°N 76.9179°E / 43.2352; 76.9179

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