Russian central bank head expects same reserves

RUSSIA - Russia's gold and foreign exchange reserves will close this year at the same level they are at now, Central Bank chairman Sergei Ignatyev said on Monday.

The reserves stood at $45.3 billion on 20 September, Interfax reported.

Ignatyev, who is attending a meeting of the Foreign Investment Advisory Council, told reporters that the Central Bank "intends to conduct active currency interventions in the third quarter in order to bring down inflation and not allow an increase in the dollar's

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