Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

The Central Bank Plans to Increase Russia's International Reserves
June 19, 2017 02:48


The Central Bank is going to increase Russia's international reserves up to 500 billion dollars with favorable economic conditions. This was stated by the Chairman of the Central Bank, Elvira Nabiullina.

According to her, this goal is a long-term guideline, "but only with full confidence in the stability of inflation and stability in the foreign exchange market," said Nabiullina. The floating rate of the ruble has helped to preserve the "airbag", she noted. "We stopped spending gold and foreign exchange reserves. And they even have been increased a little," - added the head of the Bank of Russia.

At the end of April, Russia's gold and foreign exchange reserves rose to a peak level from December 2014 - USD 400 billion. As reported by the Central Bank, by May 26 this year, their volume reached 406.1 billion US dollars. According to Thomson Reuters, the Russian Central Bank is a leading bank in terms of gold reserves growth among the central banks of the world for the fifth year. Last year the regulator purchased 201 tons of precious metal.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

The Genius of Armchair Scientist: How Yury Knorozov Unraveled the Mystery of Maya without Leaving Leningrad Inflation In Russia Goes Up Russia - China Trade Turnover Grows Preparatory Work for the Construction of Houses for Victims Began in the Amur Region Top 5 Russian Actors Best Known in Hollywood

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Festivals in Moscow  Russian tourist destination   Rebecca Horn  Internal Affairs  Cross-Border Cooperation  Semiluki  Mercedes-Benz Fashion Week Russia  Russian Stage Directors  Trams  Russian business  cycling in Russia  Russian vodka  South Stream  protests  Alisher Usmanov  Musicals in Moscow  Russian regions  Valeri Kharlamov  travel to Russia  3D Printer  Russian cuisine  Leo Tolstoy  Stepan Pisakhov  St. Petersburg  Kaliningrad  Films Festivals  Vladimir Vysotsky  satellite  AvtoVAZ   the Bolshoi Theatre  Elbrus  children tourism  Russian symbols   Monuments to People  Lyudmila Alexeyeva  Russian parliament  Russian tourism  Art Football Festival  Museums of Saratov  Cars  Vladimir Zheleznikov   Russian sport  Volgograd  Moscow  Arkhangelsk region  Exhibitions in Moscow  Russian Cinema  Installations  medicine  Vera Khlebnikov 

Travel Blogs
Top Traveling Sites