Kazakhstan eyes 300 million US dollars in investment after the market crash

The National Bank of Kazakhstan (NBK) estimates that the national bank will invest between $50 million and $250 million, but up to $300 million. Chairman of NBK, Tim Har Suleimanov, the money is not from the national fund of the country, but foreign currency reserves.

Sulliminov explains that the bank has already created space stocks and financial instruments, which include high-tech stocks and financial instruments related to digital assets.

Market water processing is a judgment call

The failure in the CREPTO market is the main reason for the slow delivery of NBK. In the year In November, the global market capitalization reached approximately 500 billion dollars. Bitcoin slipped from $110,000 to $81,000, hitting a seven-month low.

Due to this sharp volatility, Suleimanov wants to solve the market conditions where the bank's server list is approaching before entering the sector.

Although NBK has the necessary legal and operational framework to invest in digital assets, Suleimanov stated that the bank will not give until strong investment opportunities appear. At present, the need to simulate profitability and long-term development strategies has become a concern, according to the body.

He said that the central bank is carefully analyzing the situation and is rushing to investment decisions.

Kazakhstan promotes authors

Kazakhstan will continue to participate in the digital economy. Using the intelligence and digital development of the business supporter, Alemannic intelligence and made his first investment in the clothing Benjamin Bin cross-border operation.

Previously, Suleimanov also announced plans to create a national cryptocurrency development fund worth up to $1 billion. That fund invests slowly and mainly in the products of the business and the companies related to the mission.