Russia change valuation of gold and forex reserves

RUSSIA - The Central Bank of Russia is changing the method for calculating the gold and foreign exchange reserves, Central Bank First Deputy Chairman Oleg Vyugin said on Thursday.

Beginning with data as of 1 July, the Central Bank will report the size of the gold and forex reserves without including short-term operations, Vyugin said. Reserve figures with and without these operations could differ considerably, he said.

"If one takes the size of the gold and forex reserves as of 1 July, they tot

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