Russia’s foreign reserves widened from $447.9 billion to $455.2 billion November 2 through 9, the Central Bank of Russia (CBR) reported.
Photo: Artem Korotaev
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Russia’s Gold/Fx Reserves Hit $450bn
Russia’s foreign reserves widened from $447.9 billion to $455.2 billion November 2 through 9, the Central Bank of Russia (CBR) reported. Therefore, the worth of reserves exceeded $450 billion first time in the country’s history.
Russia’s foreign reserves include foreign exchange of the government and CBR, as well as monetary gold, reserve positions with the IMF and other assets. The previous name of foreign reserves was the gold and foreign exchange reserves.
The reserves have stepped up by $150 billion since early this year. The amount was above 350 billion in April of 2007 and surpassed $400 billion in May. The growth was mostly ensured by foreign exchange.
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