Gold and forex reserves in Kazakhstan grow 4.4% in February

March 7, 2012 9:04 am 

ALMATY, March 7 — Gross foreign exchange and gold reserves, including the gross reserves of the National Bank and National Fund, in Kazakhstan grew by 4.4 percent to 82.7 billion U. S. dollars in February, the National Bank Chairman Grigorii Marchenko said at Tuesday press conference in Almaty.

According to him, the reserves grew 13.3 percent in the first two months, the National Fund contained 47.41 billion U.S. dollars as at the end of February.

The National Bank's gross international reserves rose 20.6 percent in the two months and 4.9 percent in February to 35.4 billion U.S. dollars. Its net international reserves rose 21 percent in the two months and 5.1 percent in February to 34.8 billion U.S. dollars.

Net forex assets grew 19.5 percent in the two months and 5 percent in February to 30.072 billion U.S, dollars, and gold assets grew 27.2 percent and 5.4 percent, respectively, to 5.281 billion U.S. dollars.

It's reported that the monetary base grew 2.5 percent in February and 22.3 percent in January-February to 23.45 billion U.S. dollars. The narrow base, which does not include the term deposits of commercial banks with the National Bank, widened 3.8 percent in February to 22.2 billion U.S. dollars. (PNA/Xinhua) DCT/ebp

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