Source Pravda.Ru

Central Bank reserves grew by $2bn over past two weeks

The amount of gold and foreign exchange reserves of the Central Bank reached $50.2bn as of February 7. Therefore, it increased by $900m over the previous week. Since the Central Bank's reserves rose by $1.1bn over the period from January 24 until January 31, the overall volume of growth in the reserves amounted to $2bn over the past two weeks. Such a high rate of growth in the Central Bank's gold and foreign exchange reserves was last reported several years ago. Since the amount of the Central Bank's gold and foreign exchange reserves has exceeded the level of $50bn as of February 7, this sum has been brought in accordance with a declaration by Russian President Vladimir Putin, made during a visit to China in December 2002, that the amount of gold and foreign exchange reserves would reach that level by the end of 2002. At the same time it should be noted that the Head of State spoke about the amount of gold and foreign exchange reserves of $50bn to be accumulated before the end of last year. In fact, the achievement of this level was delayed by over one month.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Kremlin wants foreign invaders out of Syria
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
What may happen to foreign tourists traveling for 2018 World Cup in Russia
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian special services detain Hizb ut-Tahrir members in Crimea
Russian special services detain Hizb ut-Tahrir members in Crimea
Foreign Ministry official explains why Russia had to sell Alaska to US
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Just Words on Scraps of Paper
Just Words on Scraps of Paper
SWIFT refuses to cut Russia off, even if Washington insists
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russia introduces new money for the first time in eight years
Russians massively break traffic rules on Crimea Bridge
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
The Royal Wedding and the Silly Season
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Science Has Once Again Declared: ‘We Were Created’
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea