Ignatyev: Enough reserves to defend ruble

RUSSIA - The Central Bank warned the market Thursday that it would not hesitate to dip into its growing pile of dollars to prevent any serious fall in the ruble and keep prices in check.

"I believe that the Central Bank has sufficient resources, gold and currency reserves, to offset new emissions, to keep under control the burst in inflation we saw at the beginning of the year," Central Bank chief Sergei Ignatyev told a conference.

Ignatyev, appointed two months ago, was speaking as the Centr