Russian central bank reserves drop

The Russian central bank said Thursday 18 January its gold and foreign currency reserves have dropped by 2.2 bln usd in one week, with levels standing at 301.7 bln usd on Jan 12.

The drop reverses the trend seen recently, with gold and currency reserves increasing by more than 65 pct in 2006 and almost 40 pct in 2005.

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