Central Bank of Russia expects reduction of Russia’s international reserves by $50 billion in 2015, reported head of the regulator Elvira Nabiullina
“We believe that this year the gold and currency reserves will decrease by $50 billion. This will include our operations aimed at providing currency on the repayment basis,” Nabiullina said at a press conference on Friday.
CB has improved the forecast of capital outflow from Russia in 2015 to $100-110 billion.
During 2014 Russia’s international reserves decreased by 1.3 times to $385.46 billion.
By March 6, 2015 Russia’s international reserves totaled $356.7 billion, according to CB.
