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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Russian reserves fall $8.4 bln on interventions

Posted on 17 July 2009

From Bloomberg: Russia’s international reserves slid $8.4 billion last week, the most in six months, after the central bank sold part of the stockpile to support the ruble and relaxed foreign currency rules.

The value of the reserves, the world’s third largest after China’s and Japan’s, fell to $400.7 billion after dropping $1.4 billion to $409.1 billion a week earlier, Bank Rossii said in an e-mailed statement today. The country has added $33 billion to its reserves from a record low of $376.1 billion in March……….Full Article: Source


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