BAKU, Azerbaijan, Dec.10
By Nargiz Sadikhova – Trend:
The gross international reserves of the National Bank of Kazakhstan amounted to $28.6 billion in November 2019, according to the preliminary data, Trend reports with reference to the bank.
According to the data, the value of country’s international reserves decreased by 2.8 percent compared to last month and decreased by 7.3 percent compared to the beginning of the year.
“International reserves overall, i.e. including the foreign currency denominated assets of the National Fund ($60.4 billion) equaled $89.1 billion as at the end of November 2019,” the report said.
Net foreign exchange reserves of Kazakhstan also decreased by 2.9 percent since October, having decreased by 7.4 percent since December 2018, and equaled $28.1 billion.
In turn, the assets in freely convertible currency (CFC) have decreased by 4 percent since October (decrease of 34.8 percent since December 2018) and amounted to $10.7 billion. The assets in gold stood at $17.8 billion, which is 2.1 percent less than in October and 24.2 percent more than in December 2018.
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