The President received Timur Suleymenov, Chairman of the National Bank ➡️ The head of state listened to the report on the results of the implementation of the monetary and credit policy in January-July 2026. Timur Suleimenov : ➤ reported on the situation in the economy, business activity, factors affecting inflation and measures being taken to stabilize prices. 🟦 Annual inflation decreased for ten months in a row and amounted to 10.2 percent in July. This is influenced by the ongoing monetary and credit policy, strengthening of the tenge exchange rate, stabilization of consumer activity, as well as comprehensive measures taken by the Government and the National Bank against inflation. ➤ reported on the dynamics of lending to the economy. 🟦 As of July 1, 2026, the loan portfolio of banks' loans to businesses increased by 17.1 percent annually. 🟦 At the same time, the rate of lending to small and medium-sized businesses accelerated to 29.6 percent. And the growth of consumer credit slowed down from 21.0 percent at the beginning of the year to 13.0 percent. 🟦 This shows the effectiveness of the adopted prudential measures and the normalization of the rate of lending to consumers. Thus, credit resources began to be more focused on business financing. ➤ informed about the situation in the foreign exchange market, the state of the assets of the National Fund and the National Bank of Ukraine, as well as the state of the country's gold and currency reserves. 🟦 This year, as of July 1, the total volume of the National Fund and gold-currency reserves was 127.3 billion dollars. 🟦 In order to develop the financial ecosystem of Alatau City, the National Bank has developed measures aimed at ensuring quick and flexible movement of capital and attracting investment in the development of the city. 🟦 Investment income of the National Fund reached 2.3 billion dollars in the first half of the year. Since the beginning of the year, the pension assets of the Pension Fund have increased by 1.7 trillion tenge and amounted to 27.8 trillion tenge. ➤ presented the progress of tasks on the development of the digital financial assets industry and the National digital financial infrastructure. 🟦 The use of stablecoin for cross-border payments, infrastructure development and issuance of tokenized public assets were mentioned as new directions. 🟦 Also, a new segment of the payment market - licensed payment organizations of the first category - was introduced. This will allow to stimulate competition, reduce costs for customers and expand the availability of innovative digital services for people and businesses. 🟦 From July 19, within the framework of the National Payment System, a mechanism was launched that allows customers of any bank to make mutual payments via QR and transfer money by phone number. Since the system started working, 6.5 million operations with a total amount of 170 billion tenge have been processed. 🟦 The National Bank is taking all necessary measures to ensure price stability and reduce inflation to 5 percent in the medium term. President: 📌 He imposed a number of tasks on the activities of the National Bank and drew attention to the importance of further stabilization of inflation. t.me/aqorda_resmi