Kazakhstan's international reserves showed positive dynamics in July 2026. According to the National Bank's data as of August 1, gross international reserves increased by 3.05% to $63.7 billion, reports infohub.kz.
The growth followed a notable decline the previous month. In June, gross reserves fell by 8.19% to $61.8 billion. Despite the July recovery, their volume remains 2.6% lower since the start of 2026.
The most noticeable dynamics in July were seen in assets in freely convertible currencies. Over the month, their volume increased by 9.02%, from $14.3 billion to $15.5 billion.
However, the July growth has not yet compensated for the decline since the beginning of the year. Compared to the end of 2025, currency assets decreased by 14.5%, or approximately $2.6 billion. In December 2025, their volume stood at $18.2 billion.
The value of monetary gold within international reserves increased by 1.26% in July, reaching $48.2 billion. In June, the figure was about $47.6 billion.
Since the start of the year, the value of gold reserves has grown by 1.98%, or approximately $0.9 billion. At the end of 2025, the figure was $47.2 billion. Meanwhile, the market price of gold increased by 0.6% during July.
Kazakhstan's net international reserves also rose. In July, their volume increased by 3.18%, from $59.8 billion to $61.7 billion. However, since the start of the year, the figure remains 2.23% lower.
Positive dynamics were also observed in the currency assets of Kazakhstan's National Fund. In July, they increased by 0.79% to $66 billion. A month earlier, the volume was about $65.5 billion. Since the beginning of 2026, the National Fund's assets have grown by 3.32%, or approximately $2.1 billion. At the end of December 2025, their volume stood at $63.9 billion.
July ended with growth across all key indicators: gross and net international reserves, the National Bank's currency assets, the value of monetary gold, and the National Fund's assets all increased. However, gross reserves and assets in freely convertible currencies remain below their levels at the start of the year, while gold reserves and National Fund assets have grown since the beginning of 2026.