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

/IRBIS, Sep.20, 99/ - The National Bank of Kazakhstan in its press-release #058 issued on September 20 states that net gold and foreign exchange reserves of the National Bank of Kazakhstan at current prices decreased from $1,049.2 mln (as of September 10 of current year) to $1,041.9 mln as of September 17, 1999. No reasons for decrease of gold and foreign exchange reserves are given. Following is a table that shows the gold and foreign exchange reserves of the National Bank as of September 17, 1999 and contains data from previous release of the National Bank of September 13: In current prices In constant prices* Sep.17 '99 Sep.10 '99 Sep.17 '99 Sep.10 '99 Gross gold and foreign exchange reserves, mln. USD 1569.4 1582.5 1623.5 1634.8 including: assets in hard currency 1133.6 1144.9 1133.6 1144.9 gold 435.8 437.6 489.8 489.8 Net gold and foreign exchange reserves, mln. USD ** 1041.9 1049.2 1096.1 1101.5 Monetary base, bln. tenge 87.6 89.4 87.6 89.4 KZT/USD (at the end of the period) 135.0 135.0 83.8 83.8 Price of gold (for 1 Trojan ounce in USD) 255.70 256.80 287.45 287.45 * gold is shown at prices for the end of 1998 ($ 287.45 for 1 tr. ounce) ** net gold and foreign exchange reserves is the difference between gross reserves and obligations in hard currency.