BY THE RESULTS OF WEEK GOLD AND FOREIGN EXCHANGE RESERVES OF KAZAKHSTAN HAS DECREASED

/IRBIS, Sep.13, 99/ - The National Bank of Kazakhstan in its press-release issued on September 13 states that in gross reserves of the National Bank of Kazakhstan at current prices decreased from $1,625 bln ( August 31 of current year) to $1,582 bln as of September 10, 1999. No reasons for decrease of gold and foreign exchange reserves are given. Following is a table that shows the gold and foreign exchange reserves of the National Bank as of September 10, 1999: In current prices In constant prices* Sep.10 '99 Aug.31 '99 Sep.10 '99 Aug.31 '99 Gross gold and foreign exchange reserves, mln. USD 1582.5 1625.1 1634.8 1680.8 including: assets in hard currency 1149.1 1090.5 1149.1 1095.5 gold 437.6 431.0 489.8 486.6 Net gold and foreign exchange reserves, mln. USD ** 1049.2 1074.4 1101.5 1130.0 Monetary base, bln. tenge 89.4 92.6 89.4 92.6 KZT/USD (at the end of the period) 135.0 132.0 83.8 83.8 Price of gold (for 1 Trojan ounce in USD) 256.80 254.60 287.45 287.45 * gold is shown at prices for the end of 1998 ($ 287.45 for 1 tr. ounce) ** net gold and foreign exchange reserves is the difference between gross reserves and obligations in hard currency.