Kazakh net FX/gold reserves shrinked by 2% to USD 23.1bn as of Oct 31. The FX/gold reserves shrank by 16.55% ytd to USD 23.153bn as of Oct 31, the National Bank of Kazakhstan (NBK) has informed. Gold reserves grew by 1.6% m/m but decreased by 2.74% ytd to USD 5.98bn. At the same time, reserves in foreign currency shrank by 3.05% m/m and plummeted by 19.95% ytd to USD 17.717bn as of the reported date. On the other hand, National Oil Fund’s assets went up by 3.87% m/m and increased by 18.87% ytd to USD 68.669bn as of Oct 31.
A US investor backed by Overseas Private Investment Corporation (OPIC) might replace troubled China Energy Company Limited (CEFC) and take over 51% of KazMunayGas International ... more
The Asian Development Bank’s (ADB’s) Asian Development Outlook anticipates a general slowdown across the Central Asian region, with the exceptions of Uzbekistan, where the development bank ... more