The National Bank of the Kyrgyz Republic announced that Almaz Baketaev has been introduced to staff as the new Chairman of the National Bank. The introduction was made by Adylbek Kasymaliev, Chairman of the Cabinet of Ministers of the Kyrgyz Republic and Head of the Presidential Administration, who reiterated the National Bank’s mandate to maintain price stability and ensure the stability of the banking and payment systems. The update also referenced the National Bank’s achievements in key areas and the need for further measures to develop the financial sector, while Baketaev expressed readiness to implement the tasks.