Kazakhstan’s National Bank Moves to Nur-Sultan

The agency is obliged to change its location by July 1

According to an edict that President Kassym-Jomart Tokayev signed recently, the National Bank should move its office from Almaty to Nur-Sultan, the country’s capital since 1997.

The deadline for the regulatory body changing to its new location in Nur-Sultan is July 1, 2020. After this date, the agency should also take all relevant measures needed to operate properly. 

In May 2019, Erbolat Dossayev, head of the National Bank, revealed the agency’s plans to change to Nur-Sultan while he was speaking at the Majilis (the lower chamber of Kazakhstan’s parliament).

According to the National Bank chairman, this decision was made in 2019. The representative office of the National Bank will be left in Almaty. «The National Bank will move to Nur-Sultan as the premises are ready, first on a rental basis. Then we will build our building. We assume that this will be in the spring of 2020. The decision has already been made. The representative office of the National Bank will remain in Almaty,» Dossayev said last year.

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