January 09, 2008 |
| Russia's gold and currency reserves amounted to USD 463.5bn as of December 1, up 4 percent from USD 447bn compared to a month earlier, the Bank of Russia reported today. The rise in international reserves can be linked to the Bank of Russia's interventions on the domestic currency market.|
In November, changes in international reserves were linked to higher revenue from exports and foreign capital inflow that resumed after a brief lull. Meanwhile, the basket of currencies did not change significantly.