Net gold and foreign exchange reserves of the National Bank of Kazakhstan in current prices equaled to $6,631.0 m. as of July 1 of 2004

/IRBIS, Assel Omarova, July 8, 04/ - According to information of the National Bank of Kazakhstan, its net international reserves (GFER) excluding money of the National Fund of Kazakhstan increased in current prices in June of 2004 by 1.3% to $6,631.0 m. According to National Bank's data, the country's international reserves as the whole (in current prices), i.e. including money of the National Fund ($3,701 m.), increased in June by 0.9% to $10,336 m. Below is data about the dynamics of the National Bank's international reserves (current prices). ----------------------------------------------------------------------- As of As of As of Indicator July 1, 04 June 15, 04 June 1, 04 ---------------------------------- ---------- ----------- ---------- Net international reserves, $m 6,631.0 6,393.1 6,548.1 including: net assets in hard currency* 5,934 5,711.8 5,851 gold 701 681.3 699.5 Monetary base, KZT m. н/д 349.0 360.4 KZT/USD (at the end of the period) 136.06 136.14 137.34 ----------------------------------------------------------------------- * net assets in hard currency is the difference between gross assets and liabilities in hard currency. [2004-07-08]