Domestic purchases boost Kazakhstan Gold reserves

Country’s central bank, National Bank said gold and currency reserves of the bank made $30 billion and assets of the National Fund made $50.5 billion from January to October.

 

ASTANA(BullionStreet): “Kazakhstan announced 30 percent increase in it’s gold and forex reserves this year.

 

“Country’s central bank, National Bank said gold and currency reserves of the bank made $30 billion and assets of the National Fund made $50.5 billion from January to October.

 

“National Bank said starting from the beginning of this year international reserves of the country, including the foreign currency reserves of the National Fund, have increased by 17.2 percent and made $80.5 billion. …”

 

Yet another central bank getting what they can of the yellow metal. What do you suppose is up?

See on www.bullionstreet.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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