National Fund of Kazakhstan assets decrease by $1 billion in October
NUR-SULTAN, Kazakhstan – According to preliminary data, in October the gold and foreign exchange reserves of the National Bank of Kazakhstan decreased by $200 million to $33.6 billion, mainly due to payments government debt and the conduct of interventions, National Bank of Kazakhstan Chairman Yerbolat Dossayev said at a government meeting on November 10.
The assets of the National Fund amounted to $56.3 billion, having decreased by $1 billion over the month (-1.7%) due to the allocation of a guaranteed transfer to the republican budget in the amount of 230 billion tenge, as well as negative adjustments in financial markets due to the realisation of the risks of the second wave of the pandemic.
Despite the negative adjustment in October, investment income since the beginning of 2020 was about $ 950 million.
International reserves of Kazakhstan at the end of October of this year, according to preliminary data, amounted to $89.9 billion, having decreased by 1.3% over the month.
