Kazakhstan’s net international reserves, which include gold and foreign exchange assets, rose in July for the first time in two months, increasing 1.45% from the previous month to $50.3 billion, according to data from the National Bank. Reserves are up 15.54% since the start of the year.
Gross international reserves reached $52.4 billion, up 1.22% month-on-month. Of that total, assets in freely convertible currencies stood at $19.6 billion, a 0.36% increase, while monetary gold rose 1.75% to $32.8 billion.
Since January, foreign currency assets have fallen 10.7%, or $1.7 billion, while gold reserves have jumped 37.66%, or $7 billion, in the first half of the year.
The National Fund’s foreign currency assets climbed 0.41% in July and 2.98% year to date, reaching $60.5 billion. That is the highest level since November 2024, when the fund stood at $60.8 billion.
As previously reported by Kursiv.media, in June, the central banks of Uzbekistan and Kazakhstan were the world’s top gold buyers.
