BAKU, Azerbaijan, October 22
By Nargiz Sadikhova - Trend:
The value of Kazakhstan’s monetary base amounted to 10.6 trillion tenge ($25.1 billion) in September 2021, which is 3.8 percent more than last month and 9.3 percent more than as of the end of Dec. 2020, Trend reports with reference to the data of Kazakhstan’s National Bank.
"The narrow reserve money equaled 5.8 trillion tenge ($13.6 billion), which is 7.7 percent less than last month and 14.3 percent more than at beginning of the year," the report said.
"In turn, the value of the currency in circulation stood at 2.9 trillion tenge ($7.02 billion), which is 1 percent less than in August 2021 and 5.5 percent more compared to the value as of the beginning of the year," the statement said.
M1 money aggregate increased by 11.2 percent since the beginning of the year and amounted to 7.9 trillion tenge ($18.8 billion), whereas M2 money aggregate increased by 18 percent and equaled 22.5 trillion tenge ($53.1 billion).
"The broad money value amounted to 28.8 trillion tenge ($67.8 billion), which is up by 2.8 percent compared to August 2021 and 15.8 percent more than at the beginning of the year," the report said.
---
Follow the author on Twitter: @nargiz_sadikh