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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Russia reserves fall for 1st time in 6 weeks

Posted on 19 June 2009

From Iii.co.uk: Russia’s gold and foreign exchange reserves on Thursday posted their first weekly fall in six weeks, shrinking by $2.9 billion or 0.07 percent as the central bank stopped buying dollars in currency interventions.

Russia’s reserves, the world’s third largest, stood at $406.6 billion on June 12 down from $409.5 billion a week earlier, central bank data showed………Full Article: Source


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