Source Pravda.Ru

Economy Ministry posts forecast on gold and currency reserves

According to estimates of the Economic Development and Trade Ministry, Russia's gold and currency reserves will rise to $49bn by the end of this year, Senior Deputy Economic Development and Trade Minister Ivan Materov announced at a briefing today. He stated that gold and currency reserves had been at $36.6bn as of January 1, 2002, and at $47.1bn as of November 8, 2002. "In the event the upward tendency regarding gold and currency reserves continues until the end of this year, the reserves will rise by $1.5-2bn compared to current figures," the official stressed.

In addition, Materov reported a four-fold reduction in capital flight - from $12bn in January-September 2001 to $3bn in the first nine months of 2002.

Comments
Russia starts Star Wars first. USA concerned and puzzled
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
USA and Turkey: The elephant kicks the barking pug aside
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Turkey desperately tries to rescue its national currency as it falls to all-time lows
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?