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Kazakhstan's monetary base surges in value in Dec. 2020

Finance Materials 22 January 2021 16:20 (UTC +04:00)
Kazakhstan's monetary base surges in value in Dec. 2020

BAKU, Azerbaijan, Jan. 22

By Nargiz Sadikhova - Trend:

The value of Kazakhstan’s monetary base amounted to 9.7 trillion tenge ($22.4 billion) in Dec. 2020, which is 41.8 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 1.1 percent compared to Nov. 2020.

“The narrow reserve money equaled 5.08 trillion tenge ($12.1 billion), which is 6.3 percent less than at beginning of the year. The narrow reserve money has dropped by 9.7 percent compared to Nov. 2020,” the report said.

“In turn, the value of the currency in circulation stood at 2.8 trillion tenge ($6.7 billion), which is 22.9 percent more compared to the value as of the beginning of the year, and 4.5 percent more than in Nov. 2020,” the statement said.

M1 money aggregate increased by 21.2 percent since the beginning of the year and amounted to 7.1 trillion tenge ($17.1 billion), whereas M2 money aggregate increased by 19.2 percent and equaled 19.1 trillion tenge ($45.5 billion).

“The broad money value amounted to 24.9 trillion tenge ($59.3 billion), which is 16.9 percent more than at the beginning of the year. Broad money value has also increased by 1.1 percent compared to November 2020,” the report said.

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