The Kazakh president dismissed Galymzhan Pirmatov as central bank governor and named Timur Suleimenov to replace the official who led the institution after riots shook the country over a year ago.
The Senate voted to approve Suleimenov’s candidacy on Monday soon after Tokayev issued a decree removing Pirmatov, 51, from the post he’d held since February 2022. The tenge weakened after the announcement, closing down 0.2% against the dollar, according to data compiled by Bloomberg.