Kazakh international reserves slightly down
Baku, Azerbaijan, Oct.9
By Nargiz Sadikhova - Trend:
The gross international reserves of the National Bank of Kazakhstan increased by 2.13 percent in September and amounted to $28.837 billion according to the preliminary data, Trend reports with reference to the bank.
Furthermore, this sum has decreased by 6.78 percent since the beginning of the year.
“International reserves overall, i.e. including the foreign currency denominated assets of the National Fund ($59.373 billion) equaled $88.210 billion as at the end of September 2019,” the report said.
Net foreign exchange reserves of Kazakhstan also increased by 2.17 percent since August, having decreased by 6.84 since December 2019, and equaled $28.358 billion.
In turn, the assets in freely convertible currency (CFC) have decreased by 12.39 percent since August (decrease of 37.79 percent since December 2018) and amounted to $10.783 billion. The assets in gold stood at $18.054 billion, which is 3.15 percent less than in August and 25.45 percent more than in December 2018.
(1 USD = 389.38 KZT on October 9)
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