Net gold and foreign exchange reserves of the National Bank of Kazakhstan in current prices totaled $13,079.1 m. as of June 30, 2006

/IRBIS, Assel Omarova, July 4, 06/ - The National Bank of Kazakhstan spread press release, which says, that net international reserves (GFER) of the National bank excluding money of the National Fund of the Republic of Kazakhstan in current prices decreased by 6.8% for June 2006 and totaled $13,079.1 m. Press release notes that conducting operations on replenishments of assets of the National Fund and servicing of foreign debt of the Ministry of Finance resulted in decreasing of net currency reserves by $848.8 m. Assets in gold decreased by $103 m. as a result of its price fall in the world markets by 8.2%. The country's international reserves as a whole (in current prices), i.e. including money of the National Fund (by preliminary data $9,848 m.), decreased relative to the previous month by 0.8% to $22,931.7 m. as of June 30 of the current year. Growth of net international reserves of the National Bank (accounts decrease of the government) in June 2006 stipulated monetary base widening by 1.7%. Data about the dynamics of the National Bank's international reserves and monetary base (current prices) are given below. ------------------------------------------------------------------------- as of as of as of Indicator June 30, 06 June 15, 06 May. 31, 06 ---------------------------------- ----------- ----------- ----------- Net international reserves, $m 13,079.1 13,706.1 14,030.9 including: net assets in hard currency* 11,924.7 12,615.5 12,773.5 gold 1,154.4 1,090.6 1,257.4 Monetary base, KZT bn. 1,059.0 978.9 1,041.6 KZT/USD (at the end of the period) 118.69 119.29 121.48 ------------------------------------------------------------------------- * net assets in hard currency is the difference between gross assets and liabilities in hard currency [2006-07-04]