Net gold and foreign exchange reserves of the National Bank of Kazakhstan in current prices equaled to $6,654.0 m. as of August 1 of 2004

/IRBIS, Assel Omarova, August 17, 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 July of 2004 by 0.3% to $6,654.0 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 ($3,729 m.), increased in July by 0.5% to $10,387 m. Below is data about the dynamics of the National Bank's international reserves (current prices). ---------------------------------------------------------------------- As of As of As of Indicator Aug 1, 04 July 15, 04 July 1, 04 ---------------------------------- --------- ----------- ---------- Net international reserves, $m 6,654 6,738.2 6,631.0 including: net assets in hard currency* 5,961 6,017.3 5,934 gold 697 720.9 701 Monetary base, KZT m. n/a 374.4 388.5 KZT/USD (at the end of the period) 136.29 135.37 136.06 ---------------------------------------------------------------------- * net assets in hard currency is the difference between gross assets and liabilities in hard currency. [2004-08-17]