Registration was successful!
Please follow the link from the email sent to

Medvedev: No Plans to Change Russian Gold, Currency Reserves Structure Soon

© Sputnik / Ruslan Krivobok / Go to the photo bankRussian Central Bank
Russian Central Bank - Sputnik International
Russia has no intention to make any significant alteration in its gold and currency reserves structure in the near future, Prime Minister Dmitry Medvedev said.

MOSCOW (Sputnik) — According to the Bank of Russia, the country's gold and currency reserves grew by $4.8 billion in June and stood at $361.6 billion as of beginning of July.

"We are currently not expecting any significant shifts in the existing balance of Russia’s reserves," Medvedev said in the interview with Slovenian newspaper Delo.

Medvedev stressed that the responsibility for making any modifications in the structure of the country's gold and currency reserves lied entirely on the Russian Central Bank, and not on the government.

"It is the Central Bank that is responsible for ensuring that these funds are well-managed, safe, liquid, and generate profits, taking into account the state and prospects of the global financial market," the prime minister added.

The head of Central Bank, Elvira Nabiullina, said in June that the ultimate goal was to bring the reserves to the pre-crisis level of some $500 billion in 3-5 years.

To participate in the discussion
log in or register
Заголовок открываемого материала