Kazakhstan's monetary base down, latest data says
BAKU, Azerbaijan, May 26
By Nargiz Sadikhova - Trend:
The value of Kazakhstan’s monetary base amounted to 8.2 trillion tenge ($19.9 billion) in Apr. 2020, which is 20.2 percent more than at the beginning of the year, Trend reports with reference to the data of Kazakhstan’s National Bank.
Value of Kazakhstan’s monetary base has also decreased by 4.3 percent compared to Mar. 2020.
“The narrow reserve money equaled 5.1 trillion tenge ($12.5 billion), which is 4.3 percent less than in beginning of the year. The narrow reserve money has decreased by 19.8 percent compared to Mar. 2020,” the report said.
“In turn, the value of currency in circulation stood at 2.5 trillion tenge ($6.2 billion), which is 11.8 percent more compared to both the value as of the beginning of the year, and in Mar. 2020,” the statement said.
M1 money aggregate increased by 5.5 percent since the beginning of the year and amounted to 6.2 trillion tenge ($15.09 billion), whereas M2 money aggregate increased by 2.2 percent and equaled 16.4 trillion tenge ($39.6 billion).
“The broad money value amounted to 22.2 trillion tenge ($53.6 billion), which is 4.2 percent more than in the beginning of the year. Broad money value has also dropped by 1.6 percent compared to Mar. 2020,” the report said.
The gross international reserves of Kazakhstan’s National Bank amounted to $30.5 billion in Apr. 2020, bank’s preliminary data said.
According to the data, the value of country’s international reserves increased by 2.4 percent compared to last month and by 5.3 percent more than as of the end of 2019.
“International reserves overall, i.e. including the foreign currency denominated assets of the National Fund ($58.5 billion) equaled $89.04 billion as at the end of Apr. 2020,” the report said.
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