Net international reserves of National Bank of Kazakhstan for November 2009 increased by 15.3% to $ 23,272.0 million

/IRBIS, December 10, 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 November 2009 increased by 15.3% to $ 23,272.00 million The press release stated that the purchase of currency on the domestic currency market and receipt of currency on accounts of the Government of the National Bank were partially neutralized by operations to service the external debt of Government and lower balances on correspondent accounts with banks in foreign currency in the National Bank. In November 2009 the international reserves of the country as a whole (in current prices), including the National Fund assets in foreign currency (preliminary $ 24.2 billion), increased by 8.1% and amounted to $ 48.1 billion (from the beginning year an increase of 1.7%). National Fund assets in national currency amounted to KTZ 600 billion (bonds "NWF Samruk-Kazyna" and JSC "TH"KazAgro"). The monetary base in November 2009 shrank by 2.4% due to the decrease in net domestic assets of the National Bank, mainly due to increase commitments to the Government and to banks (short-term notes). In October 2009 the money supply grew by 0.8% to KTZ 7,310.7 billion (from the beginning of the year - an increase of 16.7%) due to increases in net external assets of the banking system, in which the structure of liabilities of banks declined to nonresidents. In October 2009 the volume of cash in circulation grew by 1.4% and amounted to KTZ 820.6 billion (from the beginning of the year - a decrease of 4.3%), deposits in the banking system also grew by 0.7%, to a level KTZ 6,490.1 billion (from beginning of the year - an increase of 20.0%). The share of deposits in the structure of money supply in November 2009 remained at the same level of 88.8% due to slight growth in both deposits and cash in circulation. The money multiplier increased from 2.64 in September 2009 to 2.85 in October 2009 due to growth of money supply on the background of contraction of the monetary base. The following are the dynamics of the international reserves of National Bank and the monetary base (current prices). -------------------------------------------------------------------------------- changes (in %): -------------------------- Nov. 2009 From the a year Indicator month beginning of year ------------------------------------------- --------- ----- ---------- --------- Net international reserves, USD million 23 272,00 +15,3 +33,8 +21,9 including: net assets in convertible currency * 21 191,00 +15,8 +36,4 +22,9 Gold 2 713,00 +8,5 +46,5 +44,2 Monetary base, billion KZT 2 502,90 -2,4 +70,9 +92,7 Narrow monetary base, billion KZT 1 875,20 -8,2 +28,9 +49,3 Express deposits STB in the National Bank, 1 678,10 -22,3 169 раза 15,5 раза billion KZT KZT / USD (end of period) 148,67 -1,4 +23,6 +23,5 Gold Price (per 1 troy ounce in USD) 1 181,10 +13,6 +42,6 +45,2 -------------------------------------------------------------------------------- * Net assets in hard currency - is the difference between gross assets and liabilities in SLE. [2009-12-10]