Gold in Kazakh reserves grows to 14% in 2005
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[January 27, 2006]

Gold in Kazakh reserves grows to 14% in 2005

(Interfax News Agency Via Thomson Dialog NewsEdge)ASTANA. Jan 26 (Interfax) - The amount of gold in the Kazakh National Bank's net gold and foreign currency reserves grew 13.9% to 61.7 tonnes for a total of $985.5 million by the end of 2005, National Bank Chairman Anvar Saidenov told Interfax.



Kazakhstan's net reserves stood at $9.277 billion at the end of 2004, and gold accounted for 8.7%, or $803.6 million.

The National Bank bought 2.5 tonnes of gold from the Kazakh companies Altynalmas and Vasilkovskoye Zoloto in 2005, Saidenov said.



The National Bank's net gold and foreign currency reserves
were
approximately $7.07 billion in early January 2006, including
netreserves of $7.066 billion. rm

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