Kazakhstan's monetary base value surges
BAKU, Azerbaijan, Sept. 28
By Nargiz Sadikhova - Trend:
The value of Kazakhstan’s monetary base amounted to 9.1 trillion tenge ($21.4 billion) in Aug. 2020, which is 32.6 percent more than at the beginning of the year, Trend reports with reference to the data of Kazakhstan’s National Bank.
The value of Kazakhstan’s monetary base has also increased by 0.5 percent compared to July 2020.
“The narrow reserve money equaled 5.2 trillion tenge ($12.2 billion), which is 3.7 percent less than at beginning of the year. The narrow reserve money has increased by 7.5 percent compared to July 2020,” the report said.
“In turn, the value of the currency in circulation stood at 2.9 trillion tenge ($6.8 billion), which is 27 percent more compared to the value as of the beginning of the year, and 1.3 percent more than in July 2020,” the statement said.
M1 money aggregate increased by 14 percent since the beginning of the year and amounted to 6.7 trillion tenge ($15.8 billion), whereas M2 money aggregate increased by 12.3 percent and equaled 18.02 trillion tenge ($42.2 billion).
“The broad money value amounted to 23.6 trillion tenge ($55.3 billion), which is 10.7 percent more than at the beginning of the year. Broad money value has also increased by 0.1 percent compared to July 2020,” the report said.
Follow the author on twitter: @nargiz_sadikh