Thursday, 26 March 2015

Russian Reserves Rise for First Week in Four Months

(Reuters) - The rise of $1.2 billion to $352.9 billion was "mainly under the influence of positive exchange rate and market revaluations", the bank said in an e-mailed statement.

The euro strengthened by around 3 percent versus the dollar in the week to March 20, increasing the dollar value of assets the central bank holds in euros, which account for around 40 percent of the currency reserves. more

from The Russophile's