Zee Beam News

MOSCOW, October 5 (RIA Novosti) - Russia's Central Bank said in a posting Wednesday that net private capital inflow had reached $2.9 billion in the year's third quarter, as compared with the Q3 2004 outflow of $7.1 billion. In the year's first and second quarters, net private capital outflow (often used as a proxy for capital flight) amounted to $0.3 billion and $5.3 billion, respectively, the Central Bank said. Banks brought in $5.9 billion in the third quarter of 2005, $5 billion more than over the same period last year; businesses and households moved out $3.1 billion, $4.9 billion less than in Q3 2004. The Central Bank put 2004 capital flight at $9.3 billion, with an estimated $3.8 billion brought in by banks and $13.1 billion moved out by businesses and households.