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National Bank Of Kazakhstan
is the central bank of Kazakhstan. History 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 April 13, 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 March 30, 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 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 coordi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Astana
Astana, previously known as Akmolinsk, Tselinograd, Akmola, and most recently Nur-Sultan, is the capital city of Kazakhstan. The city lies on the banks of the Ishim (river), Ishim River in the north-central part of Kazakhstan, within the Akmola Region, though administered as a city with special status separately from the rest of the region. A 2020 official estimate reported a population of 1,136,008 within the city limits, making it the List of most populous cities in Kazakhstan, second-largest city in the country, after Almaty, which had been the capital until 1997. The city became the capital of Kazakhstan in 1997; since then it has grown and developed economically into one of the most modern cities in Central Asia. In 2021, the government selected Astana as one of the 10 priority destinations for tourist development. Modern Astana is a Planned community, planned city, following the process of List of purpose-built national capitals, other planned capitals. After it became t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kadyrzhan Damitov
Kadyrzhan Qabdoshuly Damitov ( kk, Qadyrjan Qabdoshuly Dámıtov; born 16 December 1959) is a Kazakh financier who is the president of the ''Kazakhstan Stock Exchange'' (KASE). Education and career Kadyrzhan K. Damitov graduated from Alma-Ata Institute of National Economy in 1982 majoring in Engineering and Economics (Almaty, Kazakhstan) and holds a PhD in Corporate Management and Finance (1988) from the Moscow Financial Institute (Moscow, Russia). Prior to resuming charges as the President of Kazakhstan Stock Exchange (KASE) in May 2009, Mr. Damitov worked in various sectors: business, government and academia. He developed companies' operations, participated in policy-making processes in regards to the various sectors of economy, fostered development of the country's financial market regulatory system. He began his career in 1984 working as university professor of Economics at Alma-Ata Institute of National Economy and later on devoted time to scientific research at the Kazakhsta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Kazakhstan
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Of Kazakhstan
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Kazakhstan
The Republic of Kazakhstan has a two-tier banking system. Tier One Bank The National Bank of the Republic of Kazakhstan is the central bank of Kazakhstan and presents the upper (first) tier of the banking system of Kazakhstan. The National Bank represents, within the limits of its authority, the interests of the Republic of Kazakhstan in the relationship with the central banks, with banks of other countries, in the international banks and other financial-credit organizations. Second-tier banks All banks operating in the country, except the National Bank of Kazakhstan, represent the second tier of the banking system and are second-tier banks. The legal basis for operation of the second-tier banks is the law «On Banks and Banking in the Republic of Kazakhstan» from August 31, 1995, № 2443. According to this law, a second-tier bank in Kazakhstan is a corporate entity which, irrespective of the form of ownership, carries on business for achieving its main goal of earning profits. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kazakhstani Tenge
The tenge ( or ; kk, теңге, teñge, ; sign: ₸ ; code: KZT) is the currency of Kazakhstan. It is divided into 100 tiyn ( kk, тиын, tıyın also transliterated as ''tiyin''). History After the breakup of the Soviet Union in December 1991, most of the formerly Soviet republics attempted to maintain a common currency. Some politicians hoped to at least maintain "special relations" among former Soviet republics (the "near abroad"). Other reasons were the economic considerations for maintaining the rouble zone. The wish to preserve strong trade relations between former Soviet republics was considered the most important goal. The break-up of the Soviet Union was not accompanied by any formal changes in monetary arrangements. The Central Bank of Russia was authorized to take over the State Bank of the USSR (Gosbank) on 1 January 1992. It continued to ship Soviet notes and coins to the central banks of the eleven newly independent countries, which had formerly been the main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kazakhstan
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. Kazakhstan has attracted to 2021 more than US$370 billion of foreign investments since becoming an independent republic after the collapse of the former Soviet Union. It possesses oil reserves as well as minerals and metals. It also has considerable agricultural potential, with its vast steppe lands accommodating both livestock and grain production. The mountains in the south are important for apples and walnuts; both species grow wild there. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources. The Dissolution of the Soviet Union and the collapse of demand for Kazakhstan's traditional heavy industry products have resulted in a sharp decline of the economy since 1991, with the steepest annual decline occurring in 1994. In 1995–97 the pace of the government program of economic reform and privatization quickened, resulting in a substantia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erbolat Dossaev
Erbolat Asqarbekūly Dosayev ( kk, Ерболат Асқарбекұлы Досаев, translit=, ; born 21 May 1970) is a Kazakh politician serving as an äkım of Almaty since 31 January 2022. Prior to that, he was a National Bank of Kazakhstan chairman from 25 February 2019 and served as a Deputy Prime Minister from 29 August 2017 to 25 February 2019. He served as the Minister of Finance from 16 June 2003 to 5 April 2005,Minister of Finance of the Republic of Kazakhstan Yerbolat Askarbekovich Dosayev Policymaker Interview headed the Agency for Regulating , [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniyar Akishev (born 1991), Kazakh amateur boxer
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Daniyar is a given name and may refer to: Daniar *Daniar Kenzhekhanov (born 1983), Kazakhstani footballer Daniyar *Daniyar Ismayilov (born 1992), Turkmenistani-Turkish weightlifter * Daniyar Kairov (born 1994), Kazakhi ice hockey player * Daniyar Mukanov (born 1978), Kazakhstani footballer *Daniyar Munaytbasov (born 1976), Kazakhstani boxer * Daniar Usenov (born 1960), Kyrgyz banker and politician *Daniyar Yeleussinov Daniyar Maratovich Yeleussinov (born 13 March 1991) is a Kazakh professional boxer. As an amateur he competed at the 2012 and 2016 Olympics, winning a gold medal in 2016. He also won gold medals at the 2010 and 2014 Asian Games; the 2013 World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kairat Kelimbetov
Kairat Kelimbetov ( kk, Qaırat Nematuly Kelimbetov; born 28 January 1969) is a Kazakh politician who's currently the Governor of Astana International Financial Centre, a new initiative launched by Kazakhstan government to develop country's non-banking financial sector. He served as a Governor of the National Bank of Kazakhstan from October 1 of 2013 till November 2 of 2015. He served as a Vice-Prime Minister of Kazakhstan from January 20 of 2012 till October 1 of 2013. He also served as the CEO of Samruk-Kazyna Sovereign Wealth Fund and as the Minister of Economy and Budget Planning in the Government of Kazakhstan.Principal Government Officials Travel Document Systems In late July 2005 at that time a Minister Kelimbetov announced that Kazakhstan's GDP grew by 9.1% in the last year. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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