In September, Kazakhstan’s foreign reserves contracted by 6.48% m/m (down by 14.57% ytd) to USD 24.2bn, the National Bank of Kazakhstan (NBK) has announced. Fx reserves amounted to USD 18.3bn as of Oct 1, while gold reserves amounted to USD 5.9bn. Net international reserves in September declined by 6.64% m/m (down by 14.85% ytd) to USD 23.6bn. The assets of the National Fund of Kazakhstan in September compared with the previous month increased by 1% (up by 15.32 % ytd) and amounted to USD 66.6bn.
Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more
Kazakhstan has cut its grain export target for the 2017/2018 marketing season to 8mn tonnes of grain from the previously expected 9mn tonnes, Deputy Agriculture Minister ... more
Iran’s foreign ministry has rejected the suggestion that the five littoral states that share the shore of the Caspian Sea have largely agreed to delineate its maritime borders and settle their ... more