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Reserve money of Kazakhstan down

Finance Materials 25 July 2019 10:27 (UTC +04:00)

Baku, Azerbaijan, July 25

By Nargiz Sadikhova - Trend:

As at the end of June 2019, the value of reserve money of Kazakhstan amounted to 6.346 trillion tenge, which is 4.1 percent less that in May and 4.6 percent less than in the beginning of the year, Trend reports with reference to the data of the National Bank of Kazakhstan.

“Furthermore, the narrow reserve money equaled to 5.242 trillion tenge with a decrease of 4.1 percent since May and of 12.6 percent since the beginning of the year,” the report said.

“In turn, the value of currency in circulation stood at 2.231 trillion tenge, which is a decrease by 0.6 percent since May and by 1.3 percent since the beginning of the year,” the statement said.

M1 money aggregate decreased by 4.4 percent since May and amounted to 5.508 trillion tenge, whereas the M2 money aggregate decreased by 3.9 percent in a month and equaled 14.549 trillion tenge.

“In conclusion, the broad money value amounted to 19.537 trillion tenge, which is one percent less than in May and 6.1 percent less that in the beginning of the year,” the report said.

(1 USD = 384.83 KZT on July 25)

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