Kazakh net FX/gold reserves grow by 1.57% m/m to USD 25.334bn as of Sep 1.

By bne IntelliNews September 8, 2013

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.

Related Articles

Kazakh coal miners’ strike spreads to other ArcelorMittal mines

A coal miners' strike in north-central Kazakhstan has spread to more mines with 684 workers spending two nights across eight coal mines in Qaraghandy Region refusing to ... more

Kazakhstan’s Bank of Astana SPO to be first ever placement of foreign bank on Moscow Stock Exchange

Kazakhstan’s Bank of Astana (Astana Banki) plans to conduct a secondary offering of shares (SPO) on the Moscow Stock Exchange, RNS news agency reported last week. Bidding will begin on December 14. ... more

Kyrgyzstan to withdraw WTO complaint as Kazakhstan lifts border restrictions

Kyrgyzstan is to withdraw its complaint filed with the World Trade Organization (WTO) over Kazakhstan’s moves to tighten controls on the Kazakh-Kyrgyz border introduced in ... more

Dismiss