The gold/foreign exchange reserves of the Central Bank of Russia (CBR) grew to $422.5 billion as of September 21.
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Russia’s Gold/Ex Reserves Up 2 Percent in 4 Weeks
The gold/foreign exchange reserves of the Central Bank of Russia (CBR) grew to $422.5 billion as of September 21. The amount went up $1.6 billion, or 0.4 percent, vs. the previous indicator.
The gold/foreign exchange reserves in Russia stepped up $7.1 billion in the past three weeks and gained $8.7 billion (2.1 percent) during 20 working days. As a result, today’s amount is the absolute record in history of Russia and the Soviet Union.
So Russia has made another step towards the world leaders - China and Japan. China laid aside over $1.33 trillion; its reserves widened by $131 billion only in the second quarter. Japan has more than $914 billion in reserves.
According to the 2008 Monetary and Credit Policy Guidelines promulgated by CBR, the gold/foreign exchange reserves of the country are estimated to add $114.9 billion in 2007.
www.kommersant.com
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