Last week net Gold-currency Reserves of Kazakhstan increased to $1,266 million

/IRBIS, Nov.09, 99/ - The National Bank of Kazakhstan informs that last week gross gold-currency reserve of Kazakhstan increased to $1.789.5 million from $1,784.1 million on October 30, 99. The net gold-currency reserves on November 05 amounted to $1,266 million compared to $1,258.8 million on October 30, 99. The table describing the international reserves of the National Bank of Kazakhstan on November 05, 1999 is shown below: In current prices In constant terms* Nov.05, 99 Oct.30, 99 Nov.05, 99 Oct.30, 99 --------------------------- ---------- ---------- ---------- ---------- Gross international reserves, million USD 1,789.5 1,784.1 1,781.1 1,764.2 Including: Assets in a hard currency 1,279.1 1,263.8 1,279.1 1,263.8 Gold 510.4 520.3 502.0 500.4 Net international reserves, million USD** 1,265.7 1,258.8 1,257.3 1,238.9 Money base, billion tenge 90.7 92.7 90.7 92.7 USD/KZT(at the end of period) 140.4 140.6 83.8 83.8 Price of gold (USD for 1 troy ounce) 292.25 298.85 287.45 287.45 --------------------------- ---------- ---------- ---------- ---------- * Price of gold is specified at the end of 1998 ($287.45 per 1 troy ounce); ** Net international reserves is a difference between gross reserves and the hard currency obligations.