As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported.
However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a gold price surge by 4% and priority purchase right.
Foreign exchange reserves also reduced due to redemption of the national debt and decrease of balance of the second-tier banks’ foreign currency accounts at the National Bank. (Kazinform/Business World Magazine)