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Kazakhstan reports decrease in monetary base value

Kazakhstan Materials 18 February 2022 12:30 (UTC +04:00)
Kazakhstan reports decrease in monetary base value

BAKU, Azerbaijan, February 18

By Nargiz Sadikhova - Trend:

The value of Kazakhstan’s monetary base amounted to 10.6 trillion tenge ($24.7 billion) in January 2022, which is 2.5 percent less than as in December 2021, Trend reports with reference to the data of Kazakhstan’s National Bank.

"The narrow reserve money equaled 7 trillion tenge ($16.2 billion), which is 0.9 percent more than last month," the report said.

"In turn, the value of the currency in circulation stood at 2.9 trillion tenge ($6.9 billion), which is 0.2 percent less than in December 2021," the statement said.

M1 money aggregate decreased by 0.2 percent since the beginning of the year and amounted to 8.7 trillion tenge ($20.2 billion), whereas M2 money aggregate decreased by 1.4 percent and equaled 23.4 trillion tenge ($54.2 billion).

"The broad money value amounted to 29.8 trillion tenge ($68.9 billion), which is down by 1 percent compared to December 2021," the report said.

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