Russian c bank reserves exceed 38 bn $ - Governor

RUSSIA - The currency reserves of Russia's Central Bank are nearly 38.6 billion dollars, Bank Governor Viktor Gerashchenko has said at the Russia-Dutch economic forum in the Hague.

The reserves amounted to 28 billion dollars in the beginning of this year, he said.

The activities of the Central Bank are growing transparent, and this year has been successful for the Bank, Gerashchenko said. The banking system will take up international standards since 2004. Approximately 600 banks "will have to l