As of January 10, 00 KZT69.3 bln + USD329.2 mln worth of SS of Kazakhstan were in circulation- NB

/IRBIS, Jan.11, 00/ - As the press-release of the National Bank, devoted to current situation in financial market of the country, reads as of January 10, 2000 there were KZT 69.3 bln worth of state securities in circulation (including, the Ministry of finance securities - KZT59.5 bln, the National Bank notes - KZT9.8 bln), and securities denominated in foreign currency - worth of USD329.2 mln (only SS of the Ministry of finance). There is no information on how the debt was calculated (at discounted terms or real terms). If the figures were calculated in real terms, then total capitalization of SS market of Kazakhstan (excluding euronotes) at an official rate of the dollar effective at the end of 1999 is KZT114.8 bln. Comparable figure for 1999 was KZT85.9 bln (data of IRBIS). Therefore, in 1999 internal debt of the country, in terms of SS, rose 33.6%. The most intensive growth in internal debt was observed in the last quarter of previous year and was due to noticeable activation of the Ministry of finance in domestic borrowing market, which was caused by the necessity to pay off pension debts.