President of Kazakhstan Nursultan Nazarbayev on Friday instructed the National Bank to develop a strategy of investing assets of the Uniform Accumulation Pension Fund before June 1 of this year, including the placement of long-term deposits in domestic banks, Novosti-Kazakhstan IA informed.
“The National Bank should further develop a package of incentives for the development of affordable Tenge market. It is de-dollarization of the financial sector. Another internal source is the assets of a single pension fund. I instruct the national bank with the government to develop an investment strategy of the fund before 1 June, including – through the placement of long-term deposits in banks”, Nursultan Nazarbayev said at a meeting of the National Council of investors.
