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.
A Belgian court has lifted a freeze on Kazakh National Fund assets worth $21.5bn imposed as part of a dispute with Moldovan oligarch Anatolie Stati, the Kazakh justice ministry said on May 30. It ... more
Kazakhstan’s soon-to-be financial hub, Astana International Financial Centre (AIFC), is seeking exclusive rights on initial public offerings (IPOs) of the largest state-run ... more
The Moscow-led Eurasian Economic Union (EEU) and Iran have signed an interim free trade agreement (FTA), TASS reported on May 17. “The provisional agreement includes an initial list of goods, ... more