National bank of Kazakhstan describes republican financial market in January 2009

/IRBIS, February 5, 09/ - The National Bank of the Republic of Kazakhstan disseminated the press release, dated February 4, 2009: Quotation start Currency market. In January 2009 currency market observed downward tendency of KZT/USD rate. During the month, KZT/USD rate was changing within KZT120.79 - 121.71 per USD1. For this period tenge depreciated by 0.6 % and as on the end of January 2009 the exchange rate made KZT121.47 per USD1. In January 2009 volume of exchange transactions on Kazakhstan Stock Exchange, including deals on supplementary trades increased compared to December 2008 by 6.8 % and resulted in $6.7 bn. On over-the-counter currency market, volume of transactions for the period from January 1-28, 2009 made $9.6 bn. GS market. In January 2009 there were 4 auctions on offering of government securities of the Ministry of Finance. Of which 12-months MEKKAM (KZT231 m.), 3-years MEOKAM (KZT1.5 bn.), 5-years MEOKAM (KZT6.1 bn.) and 10-years MEUJKAM (KZT1.0 bn.) were offered. Effective yield on offered securities totaled: on 12-months MEKKAM - 7.64%, on 3-years MEOKAM - 8.58%, on 5-years MEOKAM - 8.89 %, on 10-years MEUJKAM - 0.01% over inflation rate. The volume of GS of the Ministry of Finance in circulation as of the end of January 2009 made KZT809.6 bn, having decreased compared to previous month by 0.8%. Short-term notes of the National Bank of Kazakhstan. Issue volume of notes of the National Bank in January 2009 made KZT127.6 bn. Notes with 28 and 91 days circulation term were issued. Yield of short-term notes increased from 5.82% in December 2008 to 6.17% in January 2009. Volume of notes in circulation by the end of January 2009 totaled KZT241.0 bn. having decreased by 22.8% compared to December 2008. Quotation end [2009-02-05]