Reserves up by $200m

RUSSIA - Russia's gold and foreign exchange reserves rose by $200 million to $36.7b in the week to 4 January 2002, up from $36.5b on 28 December 2001.

Over the past two weeks, the reserves have increased by $400m, the Central Bank of Russia reported.

Provided the current growth rate is maintained, it will take at least two to three months for the reserves to regain their all-time high of $38.8b that was registered on 26 October, 2001.