Kazakhstan’s reserves fall

/By AzerNews/

By Laman Sadigova

The current world economic crisis strongly hit the Kazakh economy. In 2015, the country’s total international reserves fell by 1.4 percent in December and by 10.6 percent to $91.581 billion overall the year.

About $63.508 billion of the total sum accounts for the National Fund, whose assets fell in December by 1.1 percent and for the whole year by 13.3 percent.

The remaining $28.073 billion are gross international reserves of the National Bank. In December, they fell by 1 percent, and for the whole year - by 3.9 percent. With regard to its net international reserves, they fell by 1.4 percent and 3.8 percent respectively - up to $27.176 billion.

Assets in foreign currency fell by 2.2 percent to $20.497 billion and gold assets grew by 2 percent to $7.576 billion (up 2.5 percent).