According to data by National Bank, by March 1, 2016, the total amount of the international reserves of Kazakhstan had reached nearly $27,8 billion as well as the price of gold increased.

Gold assets of our country increased by $974 million in a year while assets in freely convertible currency lost $54 million and National Fund had losses of $102 million in its assets.

As Daniar Akishev, Chief Manager of National Bank, reported earlier that financial regulator started to minimize its participation in the foreign exchange market in order to refuse the currency intervention. Kazakh Banks Face had bought $474 million in February.

Meanwhile, earlier German mass media wrote that Kazakhstan was buying up gold massively more than 3 years.

Written by Zholdas Orisbayev, follow on twitter: @joldas_os