Gold and forex reserves up $5bn
Top.rbc(Russia) reports Russia’s gold and foreign exchange reserves is up $5 billion from a week before.
The fast rise could be due both to the dollar’s depreciation against the euro and the Central Bank’s increased acquisition of foreign currency on Russia’s forex market, bringing the reserves to their highest level ever recorded.
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Fri, Aug 8, 2008
Post by Melissa Pistilli, Gold Senior Reporter