Gold and currency reserves 17% up since start of year

Kazakhstan’s gold and currency reserves, including those of the National Bank and the National Fund, make up $ 69 billion as of the end of March. Growth since the start of the year totaled 17.1%. Assets of the National Oil Fund as of the end of March stand at $ 33.8 billion. Net international reserves of the National Bank reached $ 34.6 billion, growing by 25% since the start of the year, Interfax – Kazakhstan reports. The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil. The assets of the National Fund assets are monitored by the National Bank of the Republic of Kazakhstan.