Kazakhstan's National Bank to Remove Outdated Currency Boards

Kazakhstan's National Bank to Remove Street Currency Exchange Rate Boards Kazakhstan's National Bank is taking steps to modernize its communication strategies. The head of the National Bank, Timur Suleimenov, recently announced the removal of street currency exchange rate boards across the country. This decision is expected to take effect around September. Suleimenov explained the decision, stating that the boards are outdated and no longer serve their purpose in today's digital age. He emphasized the importance of transparency and predictability in the regulatory process, suggesting that the removal of the boards aligns with these goals. "The boards are a relic of the past," Suleimenov said in a press conference. "We believe that this decision will improve transparency and efficiency in the currency exchange market." The removal of the boards is part of a larger effort by the National Bank to modernize its communication strategies and enhance its online presence. This decision is expected to be well-received by the public, as it will increase the accessibility and transparency of currency exchange information.