N e w s

In the issued press-release of the National Bank of Kazakhstan on the 2nd of March it says that there has been an increase in gross and net international reserves by $24.1 The gross gold and currency reserves of Kazakhstan in current prices for the 29th of February totaled $1.961.400.000, compared to $1.937.300.000 for the 31st of January (the growth by 1.24%). The growth of the International reserves by $24.1 million was caused by the increase of currency reserves by $7.2 million (basically because of the operations on the foreign market) and assets in gold by $16.9 million (caused by the price increase for gold by 3.9%). The currency reserves in current prices for the 29th of February totaled $1.435.400.000 compared to $1.428.200.000, assets in gold for the 29th of February totaled $526 million comapred to $509.1 million for the 31st of January. The net international reserves in current prices for the 29th of February totaled $1.513.300.000 compared to $1.479.300.000 for the 31st of January (growth by 2.3%). In constant prices gross and net international reserves have grown by 0.2 and 1% respectively. At that the assets in currency increased by 0.5%, assets in gold decreased by 0.5% (at the expense of operation on the foreign market). On the 29th of February the volume of monetary base totaled 103.2 billion of tenge compared to 105.7 billion of tenge on the 31st of January.

Source: Finmarket