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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Russian foreign currency reserves expected to rise, RIA says

Posted on 12 September 2011

Russia’s international currency reserves are expected to grow by tens of billions of dollars annually, RIA Novosti reported, citing Alexei Ulyukayev, a first deputy head of Russia’s central bank.
Liquidity in the Russian banking industry may fall to below 1 trillion rubles ($33.3 billion) in September and October, RIA said, citing comments by Ulyukayev in Budva, Montenegro……………………………………….Full Article: Source


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