Russia » Economics
Author`s name Michael Simpson

RF Gold and FOREX Reserves Exceed $80 Billion

Increase in gold and FOREX reserves is one of the best positive results of 2003, Vladimir Putin says
The gold and FOREX reserves of the RF Central Bank increased by $3.6 billion within a week to the historically maximum showing of $82.7 billion. The Bank of Russia PR relations department reports that Russia's gold and FOREX reserves made up $82.7 billion as of January 23 vs. the $79.1 billion fixed a week ago.

Earlier, President Putin commented upon the increase in the gold and FOREX reserves and said that the showing gave Russia the second position in the world. The country follows Japan with the gold and FOREX reserves that may cover foreign purchases during 19 months. The Bank of Japan had to buy up dollars to save the national currency from collapse; the gold and FOREX reserves of the country reached $626 billion by November 2003. Russia's currency market is much smaller today that is why forced interventions of the Central Bank are much smaller.

Meanwhile, the RF president thinks this increase in the Central Bank's gold and FOREX reserves "is one of the outstanding positive results fixed in 2003."  According to Vladimir Putin, the increase still goes on.
 
The Vedomisti newspaper reports that the Central Bank of Russia may resort to other measures to reduce the speculative pressure exerted upon the dollar. Central Bank spokespersons say they are ready to introduce reservation for currency transactions makers at the rate of 20 per cent for the period for up to a year and up to 100 per cent for the period of up 2 months. This will be possible as soon as a law on currency regulation comes into effect in the middle of June 2004. 

So Donald Trump referred to "shithole" countries in a meeting on immigration. Or did he? In denying the allegations, claiming that was "not the language used", while others state that was the language used, either he, or they, are lying. The bottom line is, what to make out of the "shithole incident"?

Some A**hole should shut his cakehole
Comments
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Russian poultry stuffed with antibiotics and dangerous bacteria
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter
German experts name Russia's most dangerous weapon
Russia to impose sanctions on WADA for Winter Olympics 2018
Russian Guard to see enemies behind walls
What will happen if USA freezes Russian dollar assets?
Ukraine suspicious about Russia's intention to give away rusty ships to Kiev
Russian Armed Forces to receive second-to-none gliding bomb
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Turkey distances itself from Russia to plunge Syria into greater chaos
Terrorists work on another 9/11 for USA
USA will seize Kuril Islands immediately if Russia delivers them to Japan
Russia to impose sanctions on WADA for Winter Olympics 2018
Russia to impose sanctions on WADA for Winter Olympics 2018