Russia gold, forex reserves up 50% in 10M06, to $272.5 bln - CBR
19:39 | 07/ 11/ 2006
MOSCOW, November 7 (RIA Novosti) - Russia's gold and foreign exchange reserves rose 49.55% in the first 10 months of 2006, to 272.54 billion, the Central Bank of Russia said Tuesday.
The CBR said that as of November 1, foreign exchange reserves stood at $187.6 billion, gold reserves at $7.58 billion, and other reserves at $77.1 billion.
The CBR said in October that reserves were up 2.38%, from $266.2 at the beginning of the month.
The CBR said earlier the continued strong rise in Russia's gold and foreign exchange reserves is due to the high world prices for Russia's main commodity exports, as well as the country's macroeconomic situation and policy.
the russians know ....
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