“The volume of gold and forex reserves of Kazakhstan hit its highest since fall 2017,” Deputy Chairman of the National Bank of Kazakhstan Aliya Moldabekova said.
The reserves grew in May by $950 million, to $31.5 billion. Gold portfolio decreased slightly despite slight gold price growth from $1,717 to $1,726 per ounce.
In May the National Bank sold refined gold worth $250 million to the National Fund. The total investment revenue of the National Fund for May made $670 million. (Kazinform/Business World Magazine)
