Kazakhstan's monetary base expands
BAKU, Azerbaijan, Jan.27
By Nargiz Sadikhova - Trend:
The value of Kazakhstan’s monetary base amounted to 6.8 trillion tenge ($18.2 billion) in December 2019, which is 2.8 percent more than the preceding month and 3.6 percent more than at the beginning of the year, Trend reports with reference to the data of Kazakhstan’s National Bank.
“The narrow reserve money equaled 5.4 trillion tenge ($14.3 billion), which is 1.8 percent less than in Nov. 2019 and decrease of 9.4 percent since the beginning of the year,” the report said.
“In turn, the value of currency in circulation stood at 2.3 trillion tenge ($6 billion), which is 4.5 more than in Nov. and 1.8 percent more than in the beginning of the year,” the statement said.
M1 money aggregate increased by 5.6 percent since Nov. and amounted to 5.9 trillion tenge ($15.6 billion), while M2 money aggregate increased by 5.1 percent in a month and equaled 16 trillion tenge ($42.4 billion).
“The broad money value amounted to 21.3 trillion tenge ($56.3 billion), which is 4.1 percent more than in Nov. and 2.4 percent more than in the beginning of the year,” the report said.
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