Russia Gold, Forex Reserves Down $4.7 Billion in Week to Oct 24 to $439.1 Billion
30 October 2014 - 12:59PM
Dow Jones News
By Alexander Kolyandr
MOSCOW--Russian gold and foreign-exchange reserves in the past
week fell to their lowest level since early March 2010, as the Bank
of Russia had to spend its reserves to support the ruble, central
bank data showed Thursday.
Russia's reserves, still the world's fourth largest, fell $4.7
billion in the week to Oct. 24 to $439.1 billion.
In the four weeks to Oct. 24 the central bank's reserves were
depleted by $18 billion. The figure is close to the overall amount
of funds that the central bank has spent since early October to
slow the ruble's depreciation.
After trading close to its all-time lows, the ruble sharply
recovered Thursday.
Write to Alexander Kolyandr at alexander.kolyandr@wsj.com