Kazakhstan refutes bankruptcy reports of its banks
Head of Kazakhstan's National Bank Kairat Kelimbetov said reports about the difficult financial position of a number of Kazakh banks contradict the reality.
"The National Bank states that this information is untrue, inaccurate and provocative and is aimed at destabilizing the banking system of our country," Kelimbetov said at a briefing in Astana on February 18.
In turn, the National Bank has already applied to law enforcement agencies to prevent and combat such provocative action, according to Kelimbetov.
"All Kazakh banks have sufficient funds both in the national and foreign currency," he said.
The National Bank head said that the deposits of individuals in any currency are guaranteed by the state in accordance with the country's legislation.
Kelimbetov also urged Kazakh citizens not to succumb to such provocations and to remain calm.
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