Net gold and currency reserves of National Bank of Kazakhstan for September 2009 increased by 0.6% to $ 20,044.0 million

/IRBIS, Dinara Mukasheva, October 13, 09/ - National Bank of Kazakhstan issued a press release stating that the net gold and currency reserves of National Bank, not including the money of the National Fund of Kazakhstan, at current prices for September 2009 increased by 0.6 % up to $ 20,044.0 million. The press release stated that the sale of foreign currency on domestic market operations and on servicing external debt of the Government were neutralized receipt of currency on accounts of the Government in the National Bank and the increase in balances on correspondent accounts with banks in foreign exchange at National Bank. In September 2009, gross international reserves of National Bank rose by 3.2% to $ 20.7 billion, including due to the fact that Kazakhstan in the framework of general and special distribution of IMF allocated 343.7 million SDR (Special Drawing Rights). National Fund assets in national currency amounted to KTZ 600 billion (bonds National Welfare Fund Samruk-Kazyna and NH KazAgro JSC). The monetary base in September 2009 increased by 6,6% due to growth in net domestic assets of National Bank, mainly due to reduction commitments to the Central Government and the banks (short-term notes). In August 2009 the money supply decreased marginally by 0.4% to KTZ 7,064.5 billion (from the beginning of the year - an increase of 12.7%) by reducing the domestic assets of the banking system, the structure of which reduce the net claims on central government . In August 2009 the amount of cash in circulation decreased slightly, to 0.03% and amounted to KTZ 807.1 billion (from the beginning of the year - a decrease of 5.9%), deposits in the banking system also decreased by 0.4% to level of KTZ 6,257.4 billion (from the beginning of the year an increase is on 15.7%). The share of deposits in the structure of money supply in August 2009 remained at the same level of 88.6% due to a slight decline in both deposits and cash in circulation. Higher rate of contraction of the monetary base on the background of a slight decline in money supply growth caused the money multiplier from 2.62 in July 2009 to 2.74 in August 2009. The following are the dynamics of the international reserves of National Bank and the monetary base (current prices). ---------------------------------------------------------------------------------------------- Changes (in %): ------------------------------- -------- ----------- ---------- Indicator Sept, 2009 Start year in month for a year --------------------------------------------------- ---------- -------- ----------- ---------- Net international reserves, million USD 20,044.0 +0.6 +15.3 -8.7 Including: Net assets in CCB* 18,366.0 +3.0 +18.2 -7.8 gold 2,298.0 +5.3 +24.0 +13.4 Monetary base, billion KTZ 2,747.6 +6.6 +87.6 +56.6 Monetary base, billion KZT 2,201.6 +5.2 +51.4 +42.4 Time deposits BVU in the National Bank, billion KZT 2,138.8 -8.0 215.4 times 10.3 times KZT / USD (end of period) 150.95 +0.1 +25.5 +26.0 Gold Price (per 1 troy ounce in USD) 1,008.0 +5.9 +21.7 +15.0 ---------------------------------------------------------------------------------------------- * Net assets in SKB currency -it is the difference between gross assets and liabilities in SKB [2009-10-13]