The National Bank of Kazakhstan Added 3.732 tons (120,000 ounces) of Gold To Reserves in March.
Total Gold Reserves Stood at 267.8 Tons (8.61 million ounces) at end of March 2017.
Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold to reserves in 2016.
Kazakhstan Gold Reserves Rank 21st in the World.
The National Bank of Kazakhstan added 120,000 ounces of gold to her reserves in March. Along with the Central Bank of Russia and The People’s Bank of China, the National Bank of Kazakhstan is one of the few central banks that have been adding gold to reserves over the past ten years.
The National Bank of Kazakhstan added 120,000 ounces of gold to her reserves in March 2017.
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Gold as a Percentage of Kazakhstan’s Foreign Reserves
The National Bank of Kazakhstan’s foreign reserves were $29.742 at the end of March 2017 up from $29.697 billion at the end of February and $29.375 billion at the end of January and up from $29.529 billion at the end of December 2016 and up from $29.563 billion at the end of November 2016.
The 8.61 million ounces (267.8 metric tons) on the National Bank of Kazakhstan’s balance sheet as of the end of March 2017 were worth $10.686 billion or approximately 36% of overall reserves.
In contrast, gold as a percentage of overall reserves at the end of March 2017 was approximately 17% at the Russian Central Bank and approximately 2% at the People’s Bank of China.
Kazakhstan moved into 21st place over the past year by adding over 30 tons of gold to her reserves. Kazakhstan is 12 tons behind #20 Austria whose holdings are 280 tons.
Click to see the top 40 gold holding nations.
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Kazakh gold holdings sources – World Gold Council, National Bank of Kazakhstan
Further Reading:
Chinese Gold Reserves (monthly archive)
Russian Gold Reserves (monthly archive)
Kazakh Gold Reserves (monthly archive)
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