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  N e w s

MAY 18, 2001  


Over May 4-11 Gold Reserves of Russia Grew 0.62% to Achieve $32.5 bn

Over May 4-11 Gold Reserves of the Russian Federation Grew 0.62% from $32.3 bn to $32.5 bn, CBR Public Relations Department told to Prime-TASS on Thursday.
The result achieved is a new record figure during the whole period of the publication of this informationby CBR.
Meantime, according to the announcement of May 16 by Victor Geraschenko, CBR General Chairman, optimal figure for gold reserves is $42 bn to $45 bn. In 2001 Central Bank of Russia expects an increase of $6 bn, while IMF assess the increase at $9 bn.
Comparing to the beginning of 2001 when volume was estimated at $28 bn this figure increased 16.1%.

Source: Prime-TASS
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