12:42, 04 марта 2025, 24.kg
Growth of gross international reserves driven by rising gold prices
The growth of gross international reserves continued in the fourth quarter of 2024, driven by an increase in gold reserves and rising gold prices. A report by the Eurasian Fund for Stabilization and Development (EFSD) says.
It is noted that in early autumn last year, the volume of gross international reserves reached $4.3 billion — a 63.6 percent increase compared to the same period of the previous year.
The report states that gold remains the primary growth factor, accounting for $2.2 billion. In September 2024, both physical reserves of the precious metal (+23.5 percent) and prices for it (+42.3 percent) increased.
The EFSD added that by the end of 2024 the level of the reserves increased to $5.1 billion (+57.2 percent).
0
