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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Reserve Currencies

Kazakhstan puts over $ 75 bln for rainy day

Posted on 19 January 2012

The international reserves of the country, including the National Fund assets increased by 27.3 percent and amounted to $75.4 billion in January-November 2011, the official website of the Kazakh Prime Minister said with the reference to the Ministry of Economic Development and Trade.
The growth occurred despite the funds to the amount of 1.2 trillion tenge (over $ 8 billion) were raised from the National Fund amid the global financial crisis of 2008-2009 to maintain the stability of the economy………………………………………..Full Article: Source


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