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Russia posts rise in gold and currency reserves

January 24, 2008 | RBC

Russia's gold and currency reserves reached a new record high of $478.4bn on January 18,2008, up 0.15 percent, or $700m, from the previous showing. Therefore, the reserves have been increasing for four weeks straight, having added a total of $12.2bn, or 2.6 percent. As a result, Russia has continued to close the gap separating it from the world's leaders in terms of reserves, China and Japan. China now boasts more than $1.5 trillion in reserves, up 43 percent in 2007. Japan's current reserves exceed $973bn.


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