The increase in gold and currency reserves has expanded the monetary base by 24%, whereas money supply has increased 40%, according to the bank official.
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Russian Gold Reserves Increased by $50bn
The Central Bank of Russia official said Monday that Russia's gold
The Central Bank of Russia official said Monday that Russia's gold and foreign currency reserves have reached $173 billion.
The reserves have increased by $50 billion since the start of the year and would have grown by $70 billion if not for foreign debt payments.
The increase in gold and currency reserves has expanded the monetary base by 24%, whereas money supply has increased 40%, according to the bank official.
The increase in gold and currency reserves has expanded the monetary base by 24%, whereas money supply has increased 40%, according to the bank official.
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