The National Bank of Kazakhstan Added 4.67 tons (150,000 ounces) of Gold To Reserves in May.
Total Gold Reserves Stood at 275.6 Tons (8.86 million ounces) at end of May 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 150,000 ounces of gold to her reserves in May. 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 150,000 ounces of gold to her reserves in May 2017.
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Gold as a Percentage of Kazakhstan’s Foreign Reserves
The National Bank of Kazakhstan’s foreign reserves were $30.187 billion at the end of May up from $29.796 billion at the end of April 2017 up from $29.742 billion at the end of March, and up from $29.697 billion at the end of February and $29.375 billion at the end of January.
The 8.86 million ounces (275.58 metric tons) on the National Bank of Kazakhstan’s balance sheet as of the end of May 2017 were worth $11.191 billion or approximately 37% of overall reserves.
In contrast, gold as a percentage of overall reserves at the end of May 2017 was approximately 18% 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 35 tons of gold to her reserves. Kazakhstan is 4 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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