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| Home » Central Banks Worldwide » National Bank of Kazakhstan | ||||||||||||||||||||||||||
National Bank of Kazakhstan |
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The National Bank of Kazakhstan (Kazakh: Қазақстан Ұлттық Банкі, Qazaqstan Ulttıq Banki) is the central bank of Kazakhstan. The Republic of Kazakhstan has a two-tier banking system. The National Bank of the Republic of Kazakhstan (hereinafter - the National Bank) is the central bank of Kazakhstan and presents the upper (first) tier of the banking system of Kazakhstan. |
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All other banks present lower (second) tier of the banking system, excluding the Development Bank of Kazakhstan, that has peculiar legal status. The National Bank represents, within the limits of its authority, the interests of the Republic of Kazakhstan in the relations with the central banks, with banks of other countries, in the international banks and other financial-credit organizations. The National Bank should not be guided by the aim of gaining profit in performing its tasks. The National Bank coordinates its activity with the Government of the Republic of Kazakhstan, in its activity takes into consideration the economic policy of the Government and facilitates its implementation, if doing so is not in conflict with the realization of its main functions and implementation of monetary policy. |
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• development and implementation of the state’s monetary policy,
The National Bank has a common
centralized system with the vertical administrative scheme. The highest
administrative authority of the National Bank is the Board, the authority of
the executive management is the Council of Directors. |
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The National Bank of Kazakhstan is responsible
for achieving the monetary policy objective in Kazakhstan, including
determining the strategy, instrument and operational means for doing so, and
for maintaining the stability and integrity of the monetary system of
Kazakhstan. |
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