The National Bank will cut minimum reserves requirements for banks from Nov 18 in order to boost liquidity in the financial sector, the bank chairman Anvar Saidenov said. The requirement will be decreased from present 5% to 2% on domestic liabilities and from 7% to 3% for foreign liabilities. According to National Bank calculations, the measure should free up about KZT 350bn (nearly USD 3bn) for the banks. This is another move taken by the authorities to help the domestic banking sector. To remind you, recently, the government decided to allocate around USD 3.5bn capital injections to the banks.