Kazakh bank boss cuts beard as deposits top $1 bln

KAZAKHSTAN - Kazakh central bank boss Grigory Marchenko shaved off his beard on Wednesday, 5 September, - fulfilling a vow to sacrifice his whiskers once private deposits in Kazakh banks topped $1 billion, Reuters reports from Almaty.

Private savings in Kazakh banks had reached $1.116 billion by the end of August after a major state campaign to encourage people to save in the fledgling banking system.

The new-look Marchenko, 41, said he intended to recover his venerable image as one of the fathers

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