Net FX/gold reserves of the National Bank of Kazakhstan increased by 1.57% m/m to USD 25.334bn, the bank has informed. In ytd terms however, FX/gold reserves shrank by 8.69%. To remind, the NBK intervened on the market in July in order to prevent KZT depreciation.
Foreign currency reserves declined by 0.19% m/m and by 10.62% m/m to USD 19.781bn. On the other hand, gold reserves increased by 7.65% m/m but shrank by 1.07% ytd to USD 6.082bn.
National Oil Fund’s assets continued positive trend and increased by 2.5% m/m and by 14.18% ytd to USD 69.955bn as of the reported date.
Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire 100% interest in Lynx Resources Limited, the owner of the SASA zinc-lead mine ... more
Czech company Liglass Trading has threatened Kyrgyzstan with international arbitration for the annulling of contracts to build and run 12 hydroelectric power plants, Reuters ... more
Kazakh President Nursultan Nazarbayev on September 19 caused a stir by meeting with a leading Kyrgyz presidential candidate, Omurbek Babanov, ahead of the Kyrgyz elections scheduled for October 15. ... more