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.

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