Assets of Kazakhstan National Fund continue to decline
Baku, Azerbaijan, Feb. 25
By Rashid Shirinov – Trend:
Assets of Kazakhstan's National Fund in January this year totaled $58.2 billion, 1.9 percent down compared to January 2018, Trend reports via Kazakh media.
At the same time, the gold and foreign exchange reserves of the National Bank decreased by 2.4 percent year-on-year and amounted to $30.6 billion. Total international reserves made up $88.8 billion.
The assets in freely convertible currency, which traditionally account for a significant share of gold and foreign exchange reserves, decreased by 14.7 percent year-on-year and amounted to $15.6 billion, a 50.9 percent share.
Gold reserves increased by 14.8 percent year-on-year and amounted to $15 billion, or 49.1 percent of the total gold and foreign exchange reserves.
Also, net international reserves in January decreased by 2.3 percent year-on-year to $30.1 billion.
The share of net foreign exchange reserves amounted to 98.4 percent of the gross international reserves.
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