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.
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