Net gold and foreign exchange reserves of the National Bank of Kazakhstan in current prices totaled $8,637 m. as on October 31, 2005

/IRBIS, Natalya Khoroshevskaya, November 2, 05/ - According to information of REUTERS agency with reference to press release of the National Bank of Kazakhstan, its net international reserves (GFER) excluding money of the National Fund of Kazakhstan increased in current prices within a month by $334 m. and as on October 31, 2005 equaled to $8,637 m. Foreign currency inflows to Government's accounts were partially neutralized by expenses on servicing of external debt of the Ministry of finance and replenishment of the National Fund's assets. As a result net currency reserves increased by $332.1 m. Assets in gold increased by $2.4 m. as a result of operations carried out by the National bank. Country's international reserves as a whole (in current prices), i.e. including money of the National Fund (according to preliminary data $5,8573 m.), have grown by $0.6 bn. relative to previous month and equaled to $14.5 bn. Monetary base decreased in a month by KZT1.6 bn. to KZT640.7 bn. as of October 31, 2005. Below data about the dynamics of the National Bank's international reserves and monetary base (current prices) is given. --------------------------------------------------------------------- as of as of as of Indicator Oct 31, 05 Oct 14, 05 Oct 1, 05 ---------------------------------- ---------- ---------- --------- Net international reserves, $m 8,637.4 8,187.9 8,302.9 including: net assets in hard currency* 7,733.6 7,288.8 7,401.5 gold 903.8 899.1 901.4 Monetary base, KZT bn. 640.7 626.4 642.3 KZT/USD (at the end of the period) 134.21 133.85 133.89 --------------------------------------------------------------------- * net assets in hard currency is the difference between gross assets and liabilities in hard currency. [2005-11-02]