Kazakhstan’s net international reserves reached $58.3 billion in October 2025, marking the third consecutive record high, according to data from the National Bank.
The figure rose 5.47% month-on-month, or by $3 billion. Since the start of the year, reserves have increased by $14.7 billion, or 33.76%.
Net international reserves represent gross reserves minus the National Bank’s international liabilities.
Gross international reserves also rose in October, increasing 5.79%, or $3.3 billion. The total consists of two components: freely convertible currency (FCC) assets and monetary gold.
FCC assets reached $18.8 billion, up 6.13% — or $1.1 billion — for the month, though still down 14.45% since the beginning of the year.
Monetary gold was valued at $41.9 billion, rising 5.64% for the month and 75.88% year to date.
