The amount of international reserves in Kazakhstan has been gradually decreasing since 2020, reaching $35.6 billion as of December 2023. This is enough to cover a six-month import, which is twice as big as the standard but still lower than in many other developing countries, including neighboring ones, according to Halyk Finance.
According to the company’s analysts, Kazakhstan’s international reserves are gradually depleting due to various external shocks and ongoing problems with the state budget and payment balance.
«It definitely would be a good idea for the government to regularly assess their international reserves to cover...