Kazakhstan’s National Bank Reserves Rise to $62.1 Billion as Gold Portfolio Expands
Kazakhstan’s gross international reserves rose to $62.1 billion in November, driven by a sharp increase in the National Bank’s (NBK) gold holdings, even as the tenge continued to weaken amid seasonal and external pressures. Trading volumes increased significantly to $335.6 million, indicating strong demand for foreign currency. Analysts attribute the tenge’s weakening to several factors, including the year-end seasonal rise
