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.
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