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Kazakhstan's foreign exchange reserves surge

Finance Materials 9 June 2021 15:39 (UTC +04:00)

BAKU, Azerbaijan, May 9

By Nargiz Sadikhova – Trend:

The gross international reserves of Kazakhstan’s National Bank amounted to $36.4 billion in Apr. 2021, the bank’s preliminary data said, Trend reports with reference to the National Bank.

According to the data, the value of the country’s international reserves increased by 6.5 percent compared to last month and by 2.2 percent more than as of the end of 2020.

“International reserves overall, i.e. including the foreign currency denominated assets of the National Fund ($58.5 billion) equaled $94.9 billion as at the end of Apr. 2021,” the report said.

In turn, the assets in freely convertible currency have increased by 2.6 percent compared to Mar. 2021 and dropped by 2.5 percent compared to Dec. 2020, and amounted to $11.7 billion.

The country’s assets in gold amounted to $24.6 billion in Apr. 2021, which is 8.4 percent more than in Mar. 2021 and 4.7 percent more than as of the end of 2020.

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