Russian gold reserves may rise one-third in 2003
Russian central bank first deputy governor Oleg Vyugin said on Monday that the new oil price forecast could see the central bank increase its reserves by US$14bn during the year.
Source: ITAR-TASS news agency
The Central Bank of Russia expects its gold and foreign exchange reserves to grow by 14bn to more than 62bn dollars in 2003.
As of 1 January 2003, the bank's international reserves stood at 47,793m dollars. "Now we expect the reserves to grow by 14bn dollars, given the new average annual oi
More on Reserves
Latest issue
Back to Top