Source Pravda.Ru

Kazakhstan posts its gold and currency reserves figures

Kazakhstan's gold and currency reserves grew by 42 percent to $7.064bn in 2003, Grigory Marchenko, the Chairman of the Kazakhstani National Bank, told RBC. He pointed out that in May 2003 the country's net gold and currency reserves added 7 percent and they had advanced by 33 percent since the beginning of this year and amounted to $6.73bn at the beginning of June. The National Bank's international reserves were $4.451bn at the beginning of this month with a 9.5-percent gain in May and a 42-percent growth since January 2003. The National Bank's international reserves were $4.78bn as of June 17, 2003, which was a 7.5-percent advance compared to the beginning of this month.