Kazakhstan’s central bank may add the Russian ruble, South Korea’s won and the Brazilian real to its international reserves to diversify the Central Asian nation’s holdings, Chairman Grigori Marchenko said.
The yuan may also be added after the International Monetary Fund includes the Chinese currency in its Special Drawing Rights valuation basket, Marchenko told reporters in Almaty today.
The Kazakh central bank isn’t planning a significant decrease of its dollar and euro holdings, according to Marchenko.
To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net