By the results of the week net gold and foreign currency reserves of Kazakhstan reached $1,550.3 mln

/IRBIS, Dec.27, 99/ - The National Bank of Kazakhstan informs that net gold and currency reserves of Kazakhstan in real terms grew from $1,403.2 mln (as of December 19, 1999) to $1,550.3 mln as of December 24, 1999. Gross gold and currency reserves of Kazakhstan as of December 24 at $2,028.3 mln, $145.7 mln increase from December 19. Following is the table which shows reserves of the National Bank of Kazakhstan and the monetary base as of December 24, 1999, and contains data from previous press-release: In current prices In real terms* Dec.24, 99 Dec.19, 99 Dec.24, 99 Dec.19, 99 ----------------------------- ---------- ---------- ---------- ---------- Gross international reserves, mln USD 2,028.3 1,882.6 2,030.2 1,896.3 including: assets in hard currency 1,512.5 1,379.6 1,512.5 1,379.6 gold 515.9 503.0 517.7 516.7 Net international reserves, mln USD ** 1,550.3 1,403.2 1,552.2 1,416.9 Money base, bln tenge 121.2 106.1 121.2 106.1 USD/KZT(at the end of period) 138.25 138.25 83.8 83.8 Price of gold (for 1 troy ounce, USD) 286.40 279.85 287.45 287.45 ----------------------------- ---------- ---------- ---------- ---------- * Price of gold is shown for the end of 1998 ($287.45 per 1 troy ounce); ** Net international reserves is a difference between gross reserves and liabilities in hard currency.