Since December 12 till December 19 gold and currency resources of Bank of Russia reduced by $15.7 billion and totaled $398.9 billion, reads web site of the Bank of Russia. This level of resources corresponds to their level by the end of August 2009: by August 1 the resources were equal to $398.3 billion.
The main factor of reduction of resources of the Bank of Russia was holding of auctions of the currency REPO, during which the commercial banks received over $7 billion, reported Reuters. Bank of Russia jointly with the Finance Ministry has offered the market about $5 billion in form of currency interventions and sale of currency remains of the budget.
According to the agency, re-evaluation of the components of the resources and performing “currency swap” operations could have affected the volume of gold and currency resources.
For many years China has been leading with the volume of international resources in the world. Its Central Bank has accumulated $3.89 trillion. Russia occupies the sixth place in the world with its currency resources.
