Reserves of Kazakhstan cover monetary mass in tenge by 67% - Marchenko

/IRBIS, Jan.25, 00/ - Gold and currency reserves of the National Bank of Kazakhstan cover the monetary mass in tenge by 67%. As PRIME-TASS informs, such statement was made on Tuesday at the meeting called "Problems and perspectives of using national currencies in trade and economic relations of CIS countries" by the chairman of the National Bank Grigorii Marchenko. He says there is a system of large payments in Kazakhstan, where settlement of accounts is conducted on gross basis. Due to this the head of the National Bank suggested CIS countries to use the same settlement system in tenge. In particular, the suggestion was sent to the National Bank of Belorussia, Moscow interbank currency exchange. Talks are also planned with Russian bank. Limits exist within this system, and "overdrafts" and "overnights" are offered also.