Kazakh net FX/gold reserves shrinks by 2% to USD 23.1bn as of Oct 31.

By bne IntelliNews November 7, 2013

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.  

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Kazakhstan begins new trial of businessman charged with attempted coup d’etat

A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more

Kazakhstan signs law preventing “ordinary” Kazakhs from running for office

Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more