Russia's forex reserves hit record 40bn dollars

RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.

On 3 May Russia's gold and hard currency reserves stood at 39.4bn dollars. This means that the gold and hard currency reserves have increased by 600m dollars during the week.