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Kazakhstan reports increase in monetary base value

Finance 20 January 2022 17:27 (UTC +04:00)
Kazakhstan reports increase in monetary base value

BAKU, Azerbaijan, January 20

By Nargiz Sadikhova - Trend:

The value of Kazakhstan’s monetary base amounted to 10.9 trillion tenge ($25.3 billion) in December 2021, which is 4.6 percent more than last month and 12.1 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 6.9 trillion tenge ($16.07 billion), which is 12.9 percent more than last month and 36.5 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 ($6.9 billion), which is 3.2 percent more than in November 2021 and 6 percent more compared to the value as of the beginning of the year," the statement said.

M1 money aggregate increased by 22.3 percent since the beginning of the year and amounted to 8.7 trillion tenge ($20.3 billion), whereas M2 money aggregate increased by 24.1 percent and equaled 23.7 trillion tenge ($54.9 billion).

"The broad money value amounted to 30.09 trillion tenge ($69.6 billion), which is up by 4.9 percent compared to November 2021 and 20.8 percent more than at the beginning of the year," the report said.

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