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Russian gold and currency reserves skyrocket
RBC, 05.02.2004, Moscow 11:49:51.On January 30, the Russian Central Bank's gold and currency reserves amounted to $84.1bn, stepping up $1.4bn over a week. The reserves have been rising for a fourth week in a row. Since January 2, they increased by $7bn, and the bulk of the sum was accumulated over the past two weeks. These figures testify to the fact that since January 16 the Central Bank has purchased dollars in large volumes, sending the reserves to their record high in the history of Russia and the Soviet Union, according to Central Bank Chairman Sergey Ignatyev.
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