Bank of Russia reserves may not last another year

December 10, 2008 at 1:57 pm | Posted in Uncategorized | Comments Off on Bank of Russia reserves may not last another year
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Bank of Russia reserves may not last another year. “The Bank of Russia has been supporting the ruble with its own dollar and Euro reserves of about $450 billion, but these assets have dropped 25 percent since they began defending it in August. At this rate, they cannot keep up their defense for another year.”

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