Kazakhstan’s international reserves reach $94.1bn

Kazakhstan’s international reserves reach $94.1bn

Almaty, (UNA-OIC) – As of the end of August, Kazakhstan’s international reserves have hit $94.1 billion, Kazinform reported on Thursday.

According to the preliminary data, the country’s international reserves, including the National Fund’s assets, stand at $94.1 billion. The National Bank’s international reserves have increased by $22 million in one month and totaled $35.4 billion.

The preliminary data show that the National Fund’s currency assets have risen by $0.44 billion and reached $58.68 billion in August.

According to Deputy Chairman of the National Bank of Kazakhstan Aliya Moldabekova, an increase of over 6.5% in the stock market in August, as well as a 0.34% rise in the bond market, resulted in investment revenue of around $1 billion. The Fund’s foreign exchange gains have been $112 million.

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