MOSCOW, May 4 (RIA Novosti) - Russia's Reserve Fund stood at 3.069 trillion rubles ($129.7 billion), and the National Prosperity Fund reached 773.8 billion rubles ($32.7 billion) as of May 1, 2008, the Finance Ministry said on Sunday.
The country's Reserve and National Prosperity funds stood at 3.068 trillion rubles ($129.67 billion) and 773.6 billion rubles ($32.7 billion), respectively, on April 1, 2008.
Accordingly, in April the Reserve Fund grew about 1 billion rubles ($42.27 million), and the National Prosperity Fund by 0.25 billion rubles ($10.57 million).
The funds were established on the basis of the Stabilization Fund, set up to accrue windfall oil revenue.
According to the Finance Ministry's investment formula, U.S. dollars account for 45% of the funds' foreign currency, euros make up 45%, and British pounds 10%.
