Thursday, December 18, 2008
Gloomy prospects for Russia's international reserves
RBC, 18.12.2008, Moscow 17:41:28.– According to Russia's Deputy Economy Minister Andrei Klepach, Russia's international reserves will contract by $110bn-140bn to just $300bn by the end of 2009. As of December 1, 2008, the reserves stood at $455.73bn, down 5.95 percent month-on-month. Meanwhile, reserve assets in foreign currency amounted to $404.563bn, with Russia's IMF reserve position at $1.018bn, and special drawing rights (SDRs) at 1bn.
# posted by Deval : 1:31 PM
Contact me:
