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January – October net gold and currency reserves figures announced

04 november 2011, 13:37
Photo courtesy of deswal.ru
Photo courtesy of deswal.ru
The net gold and FX reserves of the National Bank for January – October of the current year grew by 15.71%, reaching $32.065 billion, the National Bank reports.

In October alone the figure grew by 0.45%. The net currency reserves diminished by 0.81%, with gold reserves growing by 10.2%.

Assets of the National Oil Fund as of the end of October made up $42.378 billion, 36.79% up against the start of the year.

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.

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