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No devaluation should have been carried out
16:51 04.02.2009
text: "Kazakhstan Today" views: [67] Related articlesDevaluation in Kazakhstan now is right decision National Bank chairman informed President on condition of financial market National Bank chairman expects increase of sale of dollar in market of currencies in Kazakhstan There is no tendency of outflow of money from banks Devaluation of tenge in Kazakhstan not lead to large increase in price of imported goods Almaty. February 4. Kazakhstan Today - The chairman of the National Bank, Grigory Marchenko, during the press conference today stated devaluation should not have been carried out, yet there was no clearness with large banks in Kazakhstan, the agency reports.
"It was not right to carry out devaluation, yet there was no clearness with the large banks in Kazakhstan because the banks, in such conditions, would not have sustained this devaluation," G. Marchenko said.
"They can now survive devaluation owing to the fact that the state 'pours in the money' into the banks."
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