Rus News Journal

Reserves of Bank of Russia have grown for a week on $2 mlrd

Volume of gold and exchange stocks of Bank of Russia for March, 9th 2007. Has made 317,3 mlrd dollars, has informed today department external and public relations of the Central Bank of the Russian Federation. In comparison with the previous indicator it has increased on 2 mlrd dollars, or by 0,6 %.
Increase of gold and exchange currency reserves of the Central Bank is noted the second week successively. In this time they have grown on 6,2 mlrd dollars, or more than on 2 %. The reason of appreciable increase in gold and exchange stocks is activization of purchase of foreign currency from Bank of Russia in home market.
nevertheless, even taking into account essential growth of gold and exchange currency reserves in the beginning of current month, the Russian Federation has very slightly reduced a separation from two world leaders on their size. So, gold and exchange currency reserves of China make now almost 1 trln 100 mlrd dollars, and Japan - from above 900 mlrd dollars Thus, now Russia on size of gold and exchange stocks concedes the Peoples Republic of China approximately in three and a half time, and Japan - almost three times.
gold and exchange currency reserves are vysokolikvidnye the financial actives, at the disposal of Bank of Russia and the Ministry of Finance of the Russian Federation as of accounting date. They develop of the monetary gold, the special rights of loan, a reserve position in IMF and foreign currency. About half of currency part of gold and exchange currency reserves of the Russian Federation make US dollars, further follows euro (38,6 %) and pound sterling (9,8 %). About 0,1 % it is necessary for Japanese yens and the Swiss francs.