 |
|
||
|
|||
|
|||
|
|
||
|
|
|
|
|||||
|
||||||||
|
|
|
Russia's gold and currency reserves edge up
RBC, 08.02.2007, Moscow 11:04:15.The Bank of Russia's gold and foreign currency reserves amounted to $304.6bn as of February 2, up $800m, or 0.3 percent, from the previous showing. The reserves have been rising for three weeks straight, with the increase amounting to $2.9bn, or 1 percent, over this period. Nevertheless, the reserves are still growing at a slow rate compared to their hike at the end of 2006. The considerable slowdown in Russia's gold and foreign exchange reserves growth since early 2007 reflects a substantial decrease in foreign currency acquisitions by the Central Bank on the domestic market, which may be traced to the dollar's abrupt decline against the euro on international exchanges. As a result, Russia has been practically unable to narrow the huge gap separating it from China and Japan, the world's leaders in terms of gold and foreign exchange reserves.
|
|||||||||||||||||||||||||||||||||||
