The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

The data are disseminated in millions of tenge on analytical accounts of the National Bank of Kazakhstan (NBK), which are compiled based on the NBK balance sheet accounts. National Fund's assets, managed by the NBK, are also included in the analytical accounts of the central bank.
 

The following data are disseminated:

(1) The monetary base (comprising cash outside the NBK, deposits of commercial banks, and transferable deposits of nonbank financial corporations, current accounts in the national currency of public and private nonfinancial corporations);

(2) Net claims on Central Government;

(3) Domestic credit to the rest of the economy (including claims on banks, nonbank financial corporations and households);

(4) Foreign assets and foreign liabilities of the NBK (including the foreign assets of the National Fund of the Republic of Kazakhstan managed by the NBK);

(5) Other net domestic assets by other financial assets, non-financial assets, other liabilities and capital accounts. 

Periodicity

Monthly

Timeliness

The 6th business day after the reference month.

Access by the Public

Advance dissemination of release calendar

An advance release calendar that gives one-year-ahead notice of the precise release dates is disseminated at the internet-resources of the NBK and the National coordinator (Statistics Committee).

Simultaneous release to all interested parties

Integrity

Provision terms and conditions under which official statistics are produced, including data confidentiality of individual responses

The compilation and dissemination of the monetary statistics are governed by the terms and conditions of the Law of the Republic of Kazakhstan “On the National Bank”, Articles 7, 8 and the Law “On Banks and Banking Activity”, Article 54, which provides the following: “the banks must provide the National Bank with any requested information about their funds, including those outside the Republic of Kazakhstan, the amount of deposits attracted and loans granted, banking operations and other information including the data, relating to banking secrecy".

Under the Law of the Republic of Kazakhstan “On the National Bank”, Article 8, the compilation and dissemination of statistical information for financial market review, monetary and banking statistics is one of the key functions of NBK.

Confidentiality of information about respondents is established by Article 54 of the Law "On Banks and Banking activities in the Republic of Kazakhstan": "Employees of the authorized body shall be liable in accordance with the Laws of the Republic of Kazakhstan for disclosure or transfer to third parties  information obtained under the implementation of the rights established by paragraphs 2 and 3 of this article”.

Further, article 501 of the Code of the Republic of Kazakhstan "On administrative offences" provides for penalties for "unlawful disclosure of primary statistical data, statistical information and (or) databases allowing to identify the respondent by an official of the state statistics bodies, except in cases provided for by article 8 of the Law of the Republic of Kazakhstan "On State statistics”, if these actions do not contain signs of a criminal act".

Identification of internal government access to data before release

Users outside the NBK do not have access to the data before their official publication

Identification of ministerial commentary on the occasion of statistical releases

No comments by state bodies are applied.

Provision of information on data revision and notification of major changes in methodology

The data of the NBK Monetary Survey, published by the National Bank, are final, with the exception of information for the International Reserves and the National Oil fund’s foreign assets, which are published at the beginning of the reporting month on base the preliminary reports and at the end of it – on base the final ones. Any major changes in the methodology are provided for in the methodological comments and/or in an explanatory notes to the data tables.

Quality

Dissemination of documentation on methodology and sources used in preparing of statistics

Short description of methodology, which is used under the Monetary Statistics compilation, is published in the Statistical Bulletin, in Russian and Kazakh versions, and also disseminated at the NBK internet-resource in the “Methodology” subsection of the “Monetary and Banking Statistics” section.

Dissemination of documentation on methodology and sources,  supporting cross-checks and assurance of reasonableness of statistics

The NBK Monetary Survey is compiled in accordance with the IMF methodology (Monetary and Financial Statistics Manual and Compilation Guide).

Dissemination of the Monetary Survey is implemented by monthly publishing on the NBK Internet- resource, in the official edition "Statistical Bulletin of NBK", in the NBK press- release and quarterly - in the NBK official edition “The Balance of Payments and External Debt of the Republic of Kazakhstan”.

Data on gross International reserves which are published in the “Monetary and Banking Statistics” section are reconciled with data on International reserves and foreign currency liquidity published in the “External Sector Statistics” section.