ASTANA - Kazakhstan's monetary gold holdings fell by 10.5% in March compared to February, reaching $51.8 billion, according to data from the National Bank of Kazakhstan, Forbes.kz reports.
Amid declining gold reserves, the country's gross international reserves decreased by 9% to $66.8 billion, while net reserves fell by 9.4% to $64.7 billion.
Despite the March decline, the volume of monetary gold remains up 9.6% year-to-date, although the growth rate has slowed significantly.
Convertible currency assets decreased by 3.6% month-on-month and by 17.4% year-to-date, reaching $15 billion.
The currency assets of the National Fund of Kazakhstan also declined: by 4.9% month-on-month, to $62.4 billion. The fund's total assets decreased to 29.9 trillion tenge.
At the same time, domestic liquidity increased. Reserve funds increased by 3.4% to 14.7 trillion tenge, while bank deposits rose to 8.5 trillion tenge.
By the end of March, the tenge strengthened by 3.9% to 478.15 tenge per US dollar.
CentralasianLIGHT.org
April 30, 2026