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Russia accumulating gold and currency reserves
RBC, 05.04.2007, Moscow 11:04:32.The Bank of Russia's gold and foreign currency reserves amounted to $338.7bn as of March 30, up $6.1bn, or almost 2 percent, from the previous showing. Hence, the reserves have been rising for five weeks straight, with the increase amounting to $27.6bn, or 9 percent, over this period. This stepping-up in Russia's reserves may be attributed to the Central Bank's active foreign currency acquisitions on the domestic market, as well as to the euro's advance against the dollar on international exchanges.
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