Net FX/gold reserves shrank by 2.6% m/m to USD 24.942bn as of Jul 31, the National Bank of Kazakhstan has informed. Since the beginning of the year, the reserves decreased by 10.1%. Gross gold assets increased to USD 5.65bn as of Jul 31, from USD 5.064 as of Jun 30. Gross foreign currency assets went down by 5.9% m/m to USD 19.818bn. On the other hand, assets of National Oil Fund grew by 1.4% m/m and 11.4% ytd to USD 64.343bn. Thus, total country's assets amounted to USD 89.285bn and expanded by 4.4% since the beginning of the year.
The International Monetary Fund (IMF) said on November 8 that it expects Kyrgyzstan's economy to grow less than previously anticipated in 2017 due to its diplomatic spat with ... more
The Kyrgyz Prosecutor-General's Office announced on November 4 that it has opened a criminal case against Omurbek Babanov, the runner-up in October’s presidential ... more
Kazakhstan’s central bank has decided to revoke the licence of troubled lender Delta Bank and initiate the bank’s liquidation, the regulator said on November 3. ... ... more