The volume of international reserves of Russia from 20 to 27 February, 2009 increased by 2.4 billion dollars to 384.3 billion dollars, said the Central Bank of Russia. A week earlier the level of international reserves decreased by 4.7 billion dollars.
 Another 2 Jan, 2009 the reserves stood at 426 billion dollars. On 11 February the Bank of Russia reported that sold in early 2009 about 40 billion dollars of its international reserves.
Russian reserves reached a peak in August 2008, when they came close to 600 billion dollars. Since then they have fallen by nearly 40 percent due to smooth the devaluation of the currency. From September to December last year, the Bank of Russia sold the currency on the 169 billion dollar equivalent.
It is believed that the volume of reserves Russia ranks third after China and Japan, but in a real-CB is less. The fact is that most of the reserves - Reserve Fund and Fund of national well-being, which formally can not be used for maintenance of the ruble.
According to Smart Money, at the beginning of 2009, the safe level of reserves of the Russian Central Bank amounted to 364 billion dollars.
Saturday, March 7, 2009
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