UPDATE: Russian Reserves See Biggest Weekly Gain Since June
Thu, Oct 15 2009, 09:02 GMT
http://www.djnewswires.com/eu
(Rewrites, adds context.)
MOSCOW (Dow Jones)--Russia's central bank Thursday reported the biggest weekly gain in its gold and foreign-exchange reserves in four months, after the other currencies it holds strengthened in dollar terms.
The gold and foreign-exchange reserves rose $7.2 billion to $418.7 billion in the week to Oct. 9, the central bank said in a statement.
The rise came after reserves fell $1.2 billion the previous week.
The reserves reached a record high of $597.5 billion in August 2008, but declined fast late last year as the central bank spent more than $200 billion to support the struggling ruble.
Oct. 9 $418.7 bln Oct. 2 $411.5 bln Sept. 25 $412.7 bln Sept. 18 $411.7 bln Sept. 11 $410.9 bln Sept. 4 $404.9 bln Aug. 28 $404.9 bln Aug. 21 $398.3 bln Aug. 14 $400.6 bln Aug. 7 $403.4 bln July 31 $402.0 bln July 24 $402.4 bln July 17 $398.1 bln July 10 $400.7 bln July 3 $409.1 bln June 26 $410.5 bln May 29 $401.1 bln April 24 $380.6 bln March. 27 $388.0 bln Feb. 27 $384.3 bln Jan. 30 $388.1 bln
Aug. 8, 2008 $597.5 bln RECORD HIGH
Company Web site: www.cbr.ru
-By Will Bland, Dow Jones Newswires; +7 495 937 8445; william.bland@dowjones.com
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October 15, 2009 05:02 ET (09:02 GMT)
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