Russian reserves: $400bn or half that?
Depending on who’s doing the maths, Russia’s usable hard currency reserves are either running low, or are healthy. |||
London – Defending the rouble has cost Russia around $80 billion this year, and depending on who’s doing the calculations, its usable hard currency reserves are now either starting to run low, or at a healthy $400 billion-plus. While Russia has only slowed the rouble’s slide, it looks all right by any yardstick of whether its reserves are adequate. According to official data on Thursday, its foreign currency and gold reserves were $414.6 billion in the …read more
Source: Independent Online
