Rus News Journal

Gold and exchange stocks of the Russian Federation for three weeks have grown on $7,2 mlrd

Volume of gold and exchange currency reserves of Bank of Russia for July, 7th 2006. It has made 253,2 mlrd dollars In comparison with the previous indicator Growth of gold and exchange stocks of the Central Bank has increased on 2,6 mlrd dollars
is noted the third week successively. In this time they have grown on 7,2 mlrd dollars, or nearly so on 3 %. So appreciable growth of gold and exchange stocks of the Central Bank of the Russian Federation has allowed to compensate four times almost their essential falling in the middle of last month. We will remind that as of June, 16th Central Bank gold and exchange currency reserves have decreased on 1,9 mlrd dollars
the Reason of present increase of gold and exchange stocks there can be an activization of purchase of the American currency by Bank of Russia in home market. As a result the indicator of gold and exchange currency reserves of the country for last accounting date has reached the next record size for all history of the USSR and the Russian Federation.
At the same time, on volume of gold and exchange stocks Russia lags behind from taking the first and second places in the world of China and Japan, accordingly, almost in four and three and a half time. So, gold and exchange currency reserves of the Peoples Republic of China by the end of May 2006. Made 925 mlrd dollars, and Japan - from above 860 mlrd the dollars Thus if already in the near future the Russian Federation for certain outstrips Taiwan which volume of gold and exchange currency reserves is known while as of April, 1st of this year - 257 mlrd dollars - and will affirm on the third place as the world to overtake China and Japan it is necessary even decades.
gold and exchange currency reserves represent vysokolikvidnye the financial actives, at the disposal of Bank of Russia and the Ministry of Finance of Russia as of accounting date. They develop of the monetary gold, the special rights of loan, a reserve position in IMF and foreign currency.