Gold and foreign currency reserves of the National Bank of Kazakhstan showed the maximum value for 4 years

Foreign exchange reserves of the National Bank in June 2016 amounted to 30.5 billion dollars, the maximum value since July 2012. Meanwhile, the National Fund assets reached 65.7 billion dollars. About this in an interview with Bloomberg said Chairman of the National Bank of Kazakhstan Daniyar Akishev. According to him, most of the growth was due to the revaluation of assets in gold, as well as funds received on the accounts of the Government. The head of the financial regulator also shared preliminary data on interventions. In June 2016 the foreign exchange market intervention in the form of currency purchases totaled $ 2.5 million, which represents a "virtually zero value," said D.Akishev. "You can say that there is stabilization in the currency market. National Bank to minimize its participation in the foreign exchange market and exchange rate of tenge formed without the participation of the central bank of Kazakhstan ", - he stressed. According to the National Bank of the Republic of Kazakhstan, the volume of net sales by individuals from February to May 2016 amounted to almost $ 1 billion. The share of deposits in foreign currency decreased from its peak of 70% in January 2016 to 60% in May 2016. For deposits population dollarization level decreased from 80.4% in January to 70.6%. The volume of credits to the economy since the beginning of the year has not changed and at the end of May 2016 amounted to 12.4 trillion. tenge. The main volume of lending directed to agriculture, construction and manufacturing industries. press@nationalbank.kz

This post is also available in Russian: Золотовалютные резервы Национального Банка Республики Казахстан показали максимальное значение за 4 года