/IRBIS, Oct.18, 99/ - According to the National Bank of Kazakhstan gross reserves of Kazakhstan at current prices increased from $1,641.1 mln (as of October 8, 1999) to $1,624.4 mln last week.

As of October 15 net gold and foreign exchange reserves of Kazakhstan made $1,103.7 mln, an increase compared with $1,094.4 mln on October 8. Following is a table that shows the gold and foreign exchange reserves of the National Bank and the monetary base as of October 15, 1999, and contains the data for October 8:

In current prices In constant prices* Oct.15,99 Oct.8,99 Oct.15,99 Oct.8,99

-----------------------------  ---------  --------   ---------   --------
Gross gold and foreign
exchange reserves, mln. USD      1,624.4    1614.1     1,566.2    1,563.3
including:
assets in hard currency          1,091.5   1,089.1     1,091.5    1,089.1
gold                               532.8     525.0       474.7      474.6
Net gold and foreign exchange 
reserves, mln. USD **            1,103.7   1,094.4     1,045.6    1,043.9
Monetary base, bln. tenge           94.3      91.2        94.3       91.2
KZT/USD
(at the end of the period)         141.0     141.0        83.8       83.8
Price of gold
(for 1 Trojan ounce in USD)       322.65    318.00      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.