The foreign reserves of Russia grew by $2.6 billion over a week to $483.9 billion February 22.
Photo: Grigoriy Sobchenko
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Russia’s Gold/Fx Reserves at $483.9bn
The foreign reserves of Russia grew by $2.6 billion over a week to $483.9 billion February 22, Interfax reported with reference to the Central Bank of Russia.
The amount was $481.3 billion as of February 15, i.e. the week’s growth reached $2.6 billion.
The Central Bank of Russia had used the word combination of gold and foreign exchange reserves to refer to the country’s stockpile till mid-September of 2007 but shifted to the foreign reserves term after it. Both terms are equal in meaning and refer to the high-liquidity financial assets that are at disposal of the Central Bank of Russia (CBR) and the RF government.
The country's foreign reserves are built up from the assets denominated in foreign currency, monetary gold, special drawing rights, reserve position in the IMF and other assets of reserve.
www.kommersant.com
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