NUR-SULTAN / ex ASTANA (KazInform) Kazakhstan’s international reserves have increased by $2.4 bln in a month and totalled $35.3 bln by late July, as reported by the country’s National Bank.

Such a rise in the country’s international reserves is attributed to an increase in gold value which rose by 12% from $1,771/ounce in the past month. The reserves have crossed the $35 bln mark for the first time since 2012.

In late July 2020, the National Fund’s currency assets stood at $58.24 bln, up 0.5 bln from the previous month. The Fund’s investment revenue was $1.58 bln, largely gained from returns from developed country bonds. Portfolios of stocks and gold rose by 4.8% and 11.5%, respectively.