BAKU, Azerbaijan, March 11
Trend:
Chairman of Kazakhstan’s National Bank (NBK), Yerbolat Dossayev, has named the reasons for the sharp decline in the assets of the country’s National Fund in February 2021, Trend reports with reference to the Kazakh media.
“By late February 2021, the National Fund assets amounted to $57.6 billion, having decreased by $70 million over the month for the following reasons: in the reporting month, $443 million were sold to allocate targeted and guaranteed transfers for 375 billion tenge, or $900 million,” Dossayev said at a governmental meeting.
Moreover, revenues of the National Fund amounted to 164 billion tenge, of which foreign exchange receipts amounted to $255 million, or 106 billion tenge, he noted.
“Growth of the MSCI World stock index in February of this year by 2.6 percent after falling in January of this year contributed to the positive investment income of the National Fund, which amounted to $116 million by late Feb.2021,” added the NBK chairman.
