October 14, 2008

Russian FOREX reserves exceeds USD 446 billion

Prime Tass economic news agency, quoting official information of the Central Bank of Russia, said that the Russian gold and foreign currency reserves increased from USD 303.732 billion to USD 446.961 billion from January 1st through October 31st 2007.

Prime Tass said other liquidity in foreign currency went up from USD 866.2 million to USD 1,060 million in January to October 2007. It said as of November 1st Russia’s foreign currency reserve assets exceeded USD 325.418 billion including bonds USD 221.649 billion as well as currency in cash and deposits USD 103.769 billion.

Prime Tass said special Drawing Rights totaled USD 0.8 million adding that Russia’s reserve position in the International Monetary Fund amounted to USD 371.9 million. It said as of November 1st 2007the country’s monetary gold, calculated in compliance with the current quotations of the Central Bank, was estimated at USD 10.954 billion while gold reserves assets amounted to 14.1 million net troy ounces. Other international reserve assents amounted to USD 110.216 million.

Prime Tass said as of November 1st 2007 deposits that are not included in the international reserves in the foreign currency totaled USD 1.060 billion.