Kazakhstan slashes the share of Euro in its FX reserves
So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.
Kazakhstan investments into the US economy stand at $41 billion: Central Bank Governor
US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.
National Bank’s gold and FX reserves figure announced
Since the start of the year the net gold and FX reserves have grown by 19.93%.
KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor
The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
$202.7 million out of the National Oil Fund to finance the integrated gas treatment and chemicals production complex in Atyrau
In his latest State of the Nation Address, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
KazMunaiGas to obtain a loan of $4 billion out of the National Oil Fund to finance Kashagan development
According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
$3-3.5 billion of the National Oil Fund money may be injected into investment projects in 2013-2016
In his State of the Nation Address January 27, 2012, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
More National Oil Fund money to be injected to the national budget in crisis periods
The annual transfer from the National Oil Fund to the national budget in crisis years may grow from $6.8 to $9.2 billion.
Timur Kulibayev on using National Oil Fund to support small and middle-sized business
As of February 1, 2012, assets of the National Oil Fund made up $45.5 billion.
Atameken major business lobbying group suggests National Oil Fund assets be used to finance SMBs
In his latest State of the Nation Address [January 27], President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
National Oil Fund assets to finance projects involving strategic investors: Central Bank Governor
He also stressed that according to the National Bank’s estimates, in 2012 funds of the National Oil Fund may not be needed for such projects.
Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor
According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.
National Bank statistics
Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.
Nazarbayev suggests investing National Oil Fund money into the economy
Let’s invest the money into the national economy rather than keep it with Western banks: Nazarbayev.
Kazakhstan’s international reserves figure announced
The figure has been augmenting despite the fact that during the financial crisis of 2008-2009 $8.1 billion out of the National Oil Fund was injected into the country’s economy as a measure of support.
Central Bank Governor on a possible global crisis
We are cautious when managing the assets and I believe the National Bank has been doing it with professionalism: Gregory Marchenko.
January – October net gold and currency reserves figures announced
The figure made up $32.065 billion.
Second wave of global crisis may have Kazakhstan spend $20 billion out of National Oil Fund: Gregory Marchenko
A total of $10 billion out of the Fund was spent to combat the crisis of 2008-2010.
January – September net gold and currency reserves figures announced
Assets of the National Oil Fund as of the end of September stood at $40.018 billion.
January – August net gold and currency reserves figures announced
Assets of the National Fund alone as of the end of August stood at $40.35 billion, 30.25% up from the start of the year.
