FOREIGN CURRENCY EXCHANGE RATES AS FIXED BY CENTRAL BANK OF RUSSIA FROM JANUARY 23

MOSCOW, January 22, 2004 (RIA Novosti) - The following rates of exchange of foreign currencies to the rouble of the Russian Federation have been fixed for January 23, 2004:

1 Australian dollar 22.1848 roubles 1 British pound sterling 52.6398 roubles 1,000 Belarussian roubles 13.2833 roubles 10 Danish krone 48.7777 roubles 1 US dollar 28.6959 roubles 1 euro 36.3462 roubles 100 Icelandic krones 41.7820 roubles 100 Kazakh tenge 20.4922 roubles 1 Canadian dollar 22.0365 roubles 10 Norwegian krones 42.5591 roubles 1 unit of conditional drawing rights 42.7953 roubles 1 Singapore dollar 16.9118 roubles 1,000,000 Turkish lira 21.5435 roubles 10 Ukrainian hryvnias 53.1052 roubles 10 Swedish kronas 39.8576 roubles 1 Swiss franc 23.1942 roubles 100 Japanese yen 26.8713 roubles

The foreign currency exchange rates to the rouble of the Russian Federation are fixed for the purposes of accounting and customs duty payments and entail no obligation on the part of the Bank of Russia to buy or sell the currencies according to the above rates.