In connection with change of accounting policy National Bank of Kazakhstan had made the re-calculation of international reserves as of December 29, 2006
15.01.07 14:58
/IRBIS, Natalya Khoroshevskaya, January 15, 07/ - National Bank of
Kazakhstan had spread the press-release in which the following is informed:
Quotation begin
In connection with change of accounting policy of National Bank in the section
of accounting of financial instruments in foreign currency was made the re-
calculation of international reserves in dollar equivalent at average weighted
exchange rate of tenge to US dollar, fixed on Kazakhstan stock exchange in
the last working day of the year.
Considering the pointed changes the international reserves of National Bank
of Republic of Kazakhstan as of December 29, 2006 totaled:
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Data before
Re-calculated data re-calculation
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Current Stable Current Stable
prices prices* prices prices*
----------------------------------- -------- -------- -------- --------
Net international reserves
USD, m. 19,109.2 18,843.5 19,046.2 18,781.4
Including:
Net assets in Convertible Currency* 17,733.0 17,732.9 17,674.5 17,674.5
Gold ,1,376.2 1,110.6 ,1,371.7 1,106.9
KZT/USD (as of end of period) 127.00 133.98 127.42 133.98
Price of gold (per 1 troy ounce
in USD) 635.70 513.00 635.70 513.00
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* rate of tenge to US dollar and price of gold are pointed as of end
of year 2005.
** net assets in Convertible currency - is the difference between gross assets and
liabilities in Convertible Currency
Quotation end
[2007-01-15]