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.
Kazakhstan’s central bank announced on October 18 that it has approved an assistance package worth KZT410bn (€1.04bn) for ATF Bank, Eurasian Bank, Tsesna Bank and Bank ... more
The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more
Air Astana said on September 25 that regular air traffic might come to a halt in Kazakhstan due to falling aviation kerosene supplies from Russia as well as the upcoming ... more