Kazakhstan Built Up $51 Billion in Gold: How National Bank Reserves Changed Over 15 Years

The National Bank of Kazakhstan, which until recently was among the world's largest gold buyers, now intends to sell part of its gold reserves.

The headline puts the value of Kazakhstan's gold holdings at $51 billion, a figure that frames the report on how the central bank's reserves have changed over the past 15 years.

A Kazinform correspondent examined how the regulator's approach to gold evolved over that period and what lies behind the current decision to sell. The article presents the change as a reversal of the bank's earlier buying strategy, placing the new plan in the context of its long-term reserve management.