FOREIGN CURRENCY EXCHANGE RATES AS FIXED BY CENTRAL BANK OF RUSSIA FROM JANUARY 16

MOSCOW, January 15, 2004 (RIA Novosti) - The following rates of exchange of foreign currencies to the rouble of the Russian Federation have been fixed for January 16, 2004:

1 Australian dollar 22.3816 roubles 1 British pound sterling 52.8784 roubles 1,000 Belarussian roubles 13.3349 roubles 10 Danish krone 49.1023 roubles 1 US dollar 28.8795 roubles 1 euro 36.5846 roubles 100 Icelandic krones 41.2977 roubles 100 Kazakh tenge 20.4447 roubles 1 Canadian dollar 22.4081 roubles 10 Norwegian krones 42.8320 roubles 1 unit of conditional drawing rights 43.1899 roubles 1 Singapore dollar 17.0250 roubles 1,000,000 Turkish lira 21.3369 roubles 10 Ukrainian hryvnias 53.4598 roubles 10 Swedish kronas 39.8190 roubles 1 Swiss franc 23.4431 roubles 100 Japanese yen 27.1909 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.