The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data on international reserves and estimates of forthcoming changes in international reserves and foreign currency liquidity of the monetary authorities of the Republic of Kazakhstan are published in the equivalent of US dollar.

International reserves of the Republic of Kazakhstan include:
- external financial assets:
- reserve assets in foreign currency,
- special drawing rights (SDR),
- reserve position in the IMF,
- other reserve assets (derivative financial instruments and other receivables).
- monetary gold.

The form "International reserves and liquidity in foreign currency" includes the following sections:
-international reserve assets and other assets in foreign currency,
- foreseen short-term net drafts of foreign currency assets,
- conditional short-term net drafts of assets in foreign currency,
- help articles.

Conversion into US dollars is based on the official foreign exchange rates against the Kazakhstani KZT as at the reporting date and gold quotes using the London Bullion Market Association (LBMA) morning fixing of the previous reporting date. Conversion of SDRs into US dollars is carried out at the rate set by the IMF. Securities are recorded at market prices.

The methodological basis for generating data is the sixth edition of the International Monetary Fund's “Balance of Payments and International Investment Position Manual” (BPM6) and “International Reserves and Foreign Currency Liquidity. Guidelines for a Data Template” (2013).

The financial statements of the NBRK, reports of external managers and data of state bodies are the sources of information for the formation of the form for presenting data on international reserves and liquidity in foreign currency.

Periodicity

Monthly

Timeliness

Data on international reserves and foreign currency liquidity in standard format are published within a month after the reporting period.

Public availability

Calendar of data
release dates

The calendar of publication of the official statistical information of the National Bank, including on statistics of the external sector, is posted on the website of the National Bank:
https://nationalbank.kz/en/page/kalendar-rasprostraneniya-dannyh

The calendar is also available on the website of the Bureau of National Statistics: https://stat.gov.kz/inf/standard/calendar

Data on international reserves and liquidity in foreign currency are posted on the website of the National Bank in due time:
https://nationalbank.kz/en/news/rezervy-v-inostrannoy-valyute and become available simultaneously to all users.

Credibility

Dissemination of
information on the regulatory and legal conditions for the generation of statistical data, including the observance of the
confidentiality of
information on individual respondents

The collection and dissemination of data on international reserves and foreign currency liquidity is regulated by:

• Law of the Republic of Kazakhstan dated March 30,
1995 No. 2155 “On the National Bank of the Republic of Kazakhstan”. According to Article 8 of the Law, the functions of the National Bank include the formation and dissemination of statistical information on the balance of payments, international investment position and external debt of the country.
• Decree of the Government of the Republic of Kazakhstan dated January 29, 1999 No. 71 "On the development of the balance of payments of the Republic of Kazakhstan". According to this decree, the NBRK is the state body responsible for the formation and publication of the balance of payments, and is empowered to collect statistical information on the balance of payments from all respondents.

The Department of Balance of Payments of the NBRK is responsible for the formation of the report on international reserves and liquidity in foreign currency.

Quality

The methodological commentary on the information disseminated by the NBRK under the SDDS is available at:

https://nationalbank.kz/en/news/metodologicheskiy-kommentariy/7350

International reserves are linked to international investment position statistics and monetary statistics.

Data on international reserves are published in the official publications of the NBRK “Statistical Bulletin” (monthly, in millions of KZT), “Balance of payments and external debt of the Republic of Kazakhstan” (quarterly, in millions of US dollars) and in the Annual Report of the NBRK