Source Pravda.Ru

Experts comment on dynamics of Central Bank's reserves

The volume of Central Bank's gold and currency reserves amounted to $40bn as of May 10, the department for external and public relations of the Central Bank reported. This was $600m more than on May 3, when the volume of gold and currency reserves reached $39.4bn. In other words, a rise in the gold and currency over the past week was the same as a week before. The total increase in the bank's reserves was $1.2bn over the past two weeks, from April 26 to May 10. This was the most significant increase for two days in a row since the end of June 2001. The volume of the Central Bank's gold and currency reserves was rising without interruptions for almost a month and a half, i.e. starting on March 29. Since that date, the volume of gold and currency reserves went up $2.7bn.