Central Bank reserves grow

The volume of gold and currency reserves of the Russian Central Bank amounted to $62.1bn as of September 12, which was a $100m advance against the previous week. The reserves have added for the first time since August 15. In the period from August 15 to September 5 the reserves dropped by $2.7bn. The current reserves are almost $3bn lower than the record high volume of the reserves registered on June 20. Even in late May 2003, the reserves exceeded the current amount by $1bn.

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