Chamber did not reveal irregularities in the management of the Bank of Russia international reserves. The statement was made by agency chairman Sergei Stepashin, said RIA Novosti. "The fact that gold was taken out Russia to America or to England - this is Brothers Grimm fairy tale" - he stressed.
This Stepashin questioned the need for a point to accumulate funds, including the contingency fund. According to him, the money saved the financial system, but were not implemented many of the investment infrastructure projects where the funds could be directed.
Chamber start verifying the effectiveness of the international reserves of the Central Administration for the years 2006-2008 at the end of last year. The results of the auditors should formally report to the State Duma in April. Testing was initiated by the deputies of the Duma.
The international reserves of Bank of Russia consists of assets in foreign currency, monetary gold and special drawing rights and reserve position in International Monetary Fund. In terms of reserves (386 billion dollars on 13 February), Russia ranks third after China and Japan.
Russian international reserves reached a peak in August when they came close to 600 billion dollars. Since then they have fallen by nearly 40 percent due to revaluation of currencies, as well as the need to maintain the ruble in terms of capital outflows abroad.
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