Net gold and foreign exchange reserves of National Bank of Kazakhstan in current prices totaled $21,560.0 m. as of March 30, 2007

/IRBIS, Dinara Mukasheva, April 3, 07/ - The National Bank of Kazakhstan has spread the 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 1.3% in March 2007 to $21,560.0 m. The press-release says that selling of currency on the county's internal currency market, decrease of remains on correspondent accounts of second tier banks (STB) in foreign currency in National Bank and also servicing of external debt of Ministry of finance, operations of replenishment of assets of National fund, despite the inflows of currency on accounts of the Government had caused the decrease of net currency reserves (NCR) by $270.2 m. Assets in gold decreased by $15.5 m. as the result of decrease of its price on the world markets by 1.99%. The country's international reserves as a whole (in current prices), i.e. including money of the National Fund (by preliminary data $15,879.6 m.), increased slightly by 0.1% and made $37,446.3 m. Decrease of the National Bank's net internal reserves in March 2007 has caused the stipulation of the monetary base by 0.3% or by KZT4.0 bn. 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 Mar. 30, 07 Mar. 15, 07 Feb. 28, 07 ---------------------------------------- ----------- ----------- ----------- Net international reserves, $m 21,560.0 21,541.7 21,845.6 including: net assets in hard currency* 20,109.5 20,121.9 20,379.7 gold 1,450.4 1,419.8 1,465.9 Monetary base, KZT bn. 1,584.0 1,652.3 1,588.0 Narrow monetary base, KZT bn. 1,274.6 1,312.6 1,414.3 Term deposits of STB in 309.2 339.6 173.6 National Bank, KZT bn. KZT/USD (at the end of the period) 123.75 123.62 123.71 Price for gold (per 1 Troy ounce in USD) 663.50 640.75 677.00 ------------------------------------------------------------------------------- * net assets in hard currency is the difference between gross assets and liabilities in hard currency; ** narrow monetary base is the monetary base without term deposits of STB in the National Bank of Kazakhstan. [2007-04-03]