Net international reserves of National Bank of Kazakhstan for October 2009 increased by 0.7% to $ 20,177.0 million

/IRBIS, November 11, 09/ - National Bank of Kazakhstan issued a press release stating that the net international reserves of National Bank, not including the money of the National Fund of the Republic of Kazakhstan, at current prices for October 2009 increased by 0.7% to U.S. $ 20,177.0 million The press releases stated that the main factor in the growth of international reserves of National Bank was the increase in assets in gold by 8.9% (YTD - by 25.0%) as a result of operations and increase its world market prices by 4.3%. At the same time, sales of foreign currency to domestic foreign exchange market operations to service the external debt of the Government and reduce balances on correspondent accounts with banks in foreign currency in the National Bank were partially offset by receipt of currency on accounts of the Government of National Bank. In October 2009, the international reserves of country as a whole (in current prices), including the National Fund assets in foreign currency (preliminary $ 23.7 billion), rose slightly, by 0.1% to $ 44.5 billion (from beginning year - a decline of 6.0%). National Fund assets in national currency amounted to KTZ 600 billion (bonds of National Welfare Fund Samruk-Kazyna and National Holding KazAgro JSC). In September 2009, the money supply grew by 2.7% to KTZ 7,255.0 billion (from the beginning of the year - by 15.8%) due to increase in both net foreign and domestic assets of the banking system. In September 2009, the amount of cash in circulation grew by 0.3% to KTZ 809.7 billion (from the beginning of the year - a decrease of 5.6%), deposits in the banking system increased by 3.0% to KTZ 6,445.3 billion (from the beginning of the year - an increase of 19.2%). Leading the growth rate of deposits, compared with a growth rate of cash in circulation resulted in increasing the share of deposits in the structure of broad money from 88.6% in August 2009 to 88.8% in September 2009. The following are the dynamics of the international reserves of National Bank and the monetary base (current prices). ---------------------------------------------------------------------------- changes (in %): ----------------------------- Oct. From the In year Indicator 2009 in month beginning of year ------------------------------------ --------- -------- ---------- --------- Net international reserves 20,177.00 +0.7 +16.0 -4.0 in million USD including: net assets in convertible currency 18,295.00 -0.4 +17.8 -4.9 gold 2,501.00 +8.8 +35.0 +40.1 Monetary base, billion KZT 2,563.70 -6.7 +75.1 +63.3 Narrow monetary base, billion KZT 2,041.70 -7.3 +40.4 +39.7 express deposits STB in the 2,159.80 +1.0 217,раза 19.9,раза National Bank, billion KZT KZT / USD (end of period) 150.74 -0.1 +25.3 +25.8 Gold Price (per 1 troy ounce in USD) 1,039.70 +3.1 +25.5 +34.6 ---------------------------------------------------------------------------- * net assets in convertible currency - is the difference between gross assets and liabilities in SLE. [2009-11-11]