Bank Of Baku

National Bank of Kazakhstan: Azerbaijan and Kazakhstan are more ready for crisis than regional countries

National Bank of Kazakhstan: Azerbaijan and Kazakhstan are more ready for crisis than regional countries
# 19 May 2015 11:44 (UTC +04:00)

“As of today, gold reserves of the National Bank and the National Fund make $100 bln. According to our calculations, we’ll not use National Fund’s reserves if the oil price is above $55. In this situation, the capital inflow will remain positive”, he said.

 

Moreover, the governor noted that Russian economy will star to rebound from the last quarter of the year and the regional economic growth will rise next year. 

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