N e w s

The Bank of Russia intends to increase gold and currency reserves with the purpose of creating funds for repayment of the external debt of Russia. This was reported today at the parliament hearings in the State Duma by the deputy chairman of the Bank of Russia Tatiana Paramonova.

Such policy, she said, is prompted by the possibility of an unfavorable price situation at the natural resource market, including oil.

Source: AK&M