ASTANA, Kazakhstan, November 5. Kazakhstan’s foreign currency assets exceeded liabilities as of October 2024, though the surplus was slightly reduced compared to the previous quarter, the Russian Analytical Credit Rating Agency (ACRA) told Trend.
The financial, non-financial, and public sectors primarily supported this positive trend. Over the past year, the financial sector's surplus has notably strengthened, marking a significant shift from the nearly balanced status it maintained for a long period.
In contrast, the non-financial sector continues to show a deficit in foreign currency assets when excluding export revenues, a gap offset by raw material export inflows. According to the agency, foreign currency export revenues in mid-2024 were the highest since late 2022.
The ACRA Financial Stress Index for Kazakhstan maintains a deficit in the foreign currency imbalance, thereby accurately reflecting sectoral disparities.
The Analytical Credit Rating Agency, founded in 2015, is Russia's largest authorized credit rating agency and serves as a critical player in the nation's financial market.
Accredited by the Central Bank of Russia, ACRA issues ratings at both national and international levels, covering a wide range of financial products, from corporate debt to structured finance instruments. ACRA adheres to current regulatory standards and worldwide best practices, aiming to deliver superior ratings and analytical products to stakeholders in financial markets both domestically and internationally.