“Preliminary figures indicate that as of December 1 the international reserves – gold and foreign exchange reserves of the National Bank of Kazakhstan – made $28.7 billion,” Yerbolat Dossayev announced at a government meeting.
He also stressed that Kazakhstan’s foreign reserves decreased in November by 2.9%, or by $842 million, as a result of the gold portfolio devaluation and outflow of foreign currencies from the National bank accounts.
The National Bank assets reached $60.5 billion, growing in November by 0.9%, or by $566 million.
In 11 months the investment revenue received for the National Fund assets management made up $3.4 billion. (Kazinform/Business World Magazine)