Is Dossaev Leaving?

On April 5, 2021, the official website of the President of the Republic of Kazakhstan announced appointing Sholpankulov Berik Sholpankulovich Deputy Chairman of the National Bank of Kazakhstan.

Interestingly, as of 2 p.m., April 7, 2021, the official website of the National Bank still listed Galiyeva Dina Tuleubekovna as Erbolat Dossaev’s Deputy Chairperson. Even though, by that time, she had already been released from her duties by Kossym-Jomart Tokayev’s order.

This seemingly insignificant detail allows us to conclude that the Head of the National Bank is not too pleased about the fact that the President of Kazakhstan has replaced his deputy.

They could, of course, accuse us of attempting to smear Mr. Dossaev via explaining the delay in renewing the information on the website by the laziness or lack of diligence on the part of the mid-level officials responsible for monitoring the agency’s online resources. For our part, however, we can present an indirect proof of our claim.

This proof is Berik Sholpankulov himself. Or, to be more precise, his biography. Let us quote the relevant info from website -

- Treasurer of the Cash and State Debt Department under the Ministry of Finance of Kazakhstan, lead treasurer of the Cash and State Debt Department, currency controller of the Treasury Cash Department at the Ministry of Finance of Kazakhstan (1996-2001);

— Head of the Cash and State Department under the Ministry of Finance of Kazakhstan (October 2001 — July 2004);

— Deputy Head of the Treasury Committee under the Ministry of Finance of Kazakhstan (July 2004 — December 30, 2008);

— Vice Minister of Finance of the Republic of Kazakhstan (December 30, 2008 — June 2014);

— Deputy Minister of Defence for Economy and Finance (July 2014 — October 2016);

— Head of Financial Monitoring Committee at the Ministry of Finance of the Republic of Kazakhstan (November 11, 2016 — December 2016);

— Vice Minister of Finance of the Republic of Kazakhstan (December 29, 2016 — March 2019);

— First Vice Minister of Finance of the Republic of Kazakhstan (March 2019 — April 2021);

— Deputy Chairman of the National Bank of the Republic of Kazakhstan (from April 5, 2021).

It is not hard to notice that, out of the 25 years of his employed service, Berik Sholpankulov who celebrated his 45th birthday on March 4, 2021, has been employed by the Ministry of Defence for only two years; for the rest of the time, he has been building his career at the Ministry of Finance and its subdivisions. This kind of stability indicates that he is a career-driven official and, by the looks of it, a skilled professional, a master of his craft.

The fact that Mr. Sholpankulov was 32 when he first became Vice Minister of Finance and had worked in this capacity for six years after which he moved to the post of Deputy Minister of Defence for Economy and Finance serves as a weighty argument in favour of this observation. Then he came back to the Ministry of Finance in the capacity of Vice Minister and then had grown to the position of First Vice Minister.

Since Berik Sholpankulov is a career-driven official, his consent to leave the post of First Vice Minister of Finance for the sake of becoming an ordinary deputy chairman of the National Bank testifies that he was either forced to leave or convinced to move to a new structure.

The former seems to be unlikely; at least, our sources have heard nothing about such possibility. As for the latter, let us ask ourselves — what has Akorda offered to this official so that he has agreed to move to another state agency with demotion?

There can only be one answer: he has been offered the post of the Chairman of the National Bank.

Therefore, it looks like Erbolat Dossaev’s term as the head of this organisation is coming to an end. Of course, his may not leave the post this year, he may leave, let’s say, in January or February 2022, three years after he will have been appointed the National Bank’s Chairman.

Since President Kossym-Jomart Tokayev is known to be tactful when making personnel decisions (which, in our opinion, stems not only from his being a professional diplomat but from his lack of self-trust under the conditions of the de-facto duality of power in Kazakhstan), he has undoubtedly informed Mr. Dossaev about it.


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