Net international reserves of National Bank of Kazakhstan for January 2009 increased by 14.1% to $25,847.0 million

/IRBIS, February 9, 2010/ - 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 January 2010 increased by 14,1% to $ 25 847.0 million. The press release stated that the purchase of currency on the domestic currency market and receipt of currency on accounts of the Government in National Bank have been partially neutralized by operations to service the external debt of the Government and lower balances on correspondent accounts with banks in foreign exchange at National Bank. In December 2009 the money supply grew by 4.1% to KZT7,386.5 billion in 2009 - growth of 17.9%) due to the growth of domestic assets of the banking system, the structure of which increased significantly net claims to the Government. In December 2009 the amount of cash in circulation grew by 9.2% and amounted to KZT913.5 billion (in 2009 - growth 6.5%), deposits in the banking system increased by 3.4% to KZT6,473.0 billion (in 2009 - growth of 19.7%). Leading the growth rate of cash in circulation, compared with a growth rate of deposits have reduced the share of deposits in the structure of broad money from 88.2% in November 2009 to 87.6% in December 2009. The money multiplier increased from 2.83 in November 2009 to 3.01 in December 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 % -------------------- Jan. From the Indicator 2010 beginning in a year of 2010 ---------------------------------------------- --------- ---------- --------- Net international reserves, mln USD 25,847.00 +14.1 +59.3 including: net assets in convertible currency * 23,953.00 +15.6 +67.0 Gold 2,453.00 -1.9 +30.2 Monetary base, billion KZT 2,584.60 +5.4 +27.2 Narrow monetary base, billion KZT 2,045.90 +4.3 - Deposits STB in the National Bank, billion KZT 1,896.20 +21.7 - KZT / USD (end of period) 148.21 -0.2 +22.0 Gold Price (per 1 troy ounce in USD) 1,083.00 -0.8 +23.2 ----------------------------------------------------------------------------- * Net assets in hard currency are the difference between gross assets and liabilities in SLE. [2010-02-09]