Logo
  Friday, September 20, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The growth of Russia's reserves of gold and currency will continue as long as the trade balance is positive
The growth of Russia's reserves of gold and currency will continue as long as the trade balance is positive, Vice-Premier Alexander Zhukov told journalists on Thursday. "As long as we have a positive balance in trade, our gold and currency reserves will continue to increase", he said. The reserves' increase is due to the high prices of oil and the currency inflow to Russia, believes Mr Zhukov. He also noted that the Central Bank is buying currency and in this way replenishes its reserves and prevents the rouble from getting stronger: its growth may entail negative effects for the economy. According to the Central Bank's figures published on Thursday, the gold and currency reserves of Russia have increased to 100.1 billion dollars.
Print The growth of Russia's reserves of gold and currency will continue as long as the trade balance is positive Bookmark The growth of Russia's reserves of gold and currency will continue as long as the trade balance is positive

Related News   
SepOctober 2004Nov
MoTuWeThFrSaSu
27282930123
45678910
11121314151617
18192021222324
25262728293031
1234567