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Russia posts rise in international reserves

February 21, 2008 | RBC

Russia's international reserves increased 1.43 percent in January, from $476.391bn as of January 1 to $483.225bn as of February 1, the Central Bank of Russia said in a statement. International reserve assets in foreign currency amounted to $373.108bn, with special drawing rights (SDRs) at $0.8m and the IMF reserve position at $377.5m. Gold included in international reserves was worth $13.296bn at the Bank of Russia's current rates, while other reserves amounted to $96.443bn.

As reported earlier, Russian international reserves grew 58.85 percent in 2007, from $303.732bn as of January 1, 2007 to $476.391bn a year later.


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