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N e w s
SEPTEMBER 14
By 8 Sep. the gold/foreign exchange reserves in Russia achieved $24.2bn as the record highs from year start, CBR public relations department informed. From early year the figures were raised 93.6%.
The top figures over the prehistory were fixed 1 July 1997 to gain $24.549bn (including $20.396bn in hard currency and $4.153bn in gold).
The majority of experts are on expectation of the 2000-patterns to exceed the above. According to the prospects produced by the Development Center the reserves can come to $30.7bn by year end. But some specialists consider the figures to be even higher, in particular, $34bn by 1 Jan. 2001. Others are more cautious: Brunswick Warburg ($33.5bn), Economic Analysis Bureau ($33bn), Reiffaizen Bank ($32bn), Alfa-bank ($31bn) and ABN-AMRO ($27bn).
Source: AK&M
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