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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Kazakh gross international reserves made $ 33.2 bln

Posted on 15 February 2012

In January 2012 there was an increase in international reserves of the National Bank of Kazakhstan. Gross international reserves grew by 13.1% up to USD 33.2 billion, Chairman of the National Bank Grigory Marchenko told reporters on Tuesday.
The net international reserves increased by 15.2% and made USD 33.1 billion. Government’s external debt servicing and replenishment of the National Fund’s assets from the accounts of foreign exchange reserves were more than compensated for by currency supply to the accounts of the Government in the National Bank and growth of balances on correspondent accounts of banks in foreign currency………………………………………..Full Article: Source


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