Russian reserves hit all time high

Russia's gold and foreign exchange reserves, boosted by record world oil prices, have touched an all-time high of $243.3 billion, the central bank said on Thursday 1 June.

The quantity grew by 33.5 percent since Jan 1, when the figure was $182.2 billion, the Itar-Tass news agency reported.

Russia now holds the fourth largest reserves of gold in the world, Prime Minister Mikhail Fradkov said last month.

At the start of May, the amount was surpassed only by China ($875 billion), Japan ($832 billion)

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