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    RUSSIA'S GOLD AND FOREX RESERVES HAS GROWN BY 13% THIS YEAR

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    MOSCOW, March 5, 2004 / RIA Novosti correspondent /. As of March 1, 2004, Russia's gold and foreign exchange reserves amounted to $86,318 million, showing a 13% increase since the start of the year, and a 2.9% increase over February. The Russian Federation's Central Bank presented these data Friday.

    By January 1, the country's gold and hard currency reserves amounted to $76,938 million, and by February 1, they reached $83.99 billion.

    As of March 1, 2004, Russia's hard currency reserves in the overall structure of the country's gold and hard currency reserves amounted to amounted to $82,558 million (as against $73,175 million by January 1 and $80,227 by February 1. Hard currency funds included in the country's currency reserves equalled $82,555 million as of March 1 of this year (as against $73,172 million by January 1 and $80,224 million by February 1), and the funds in gold amounted to $3.76 billion (by January 1, they amounted to $3,763 million, and by February 1 this sum remained unchanged).

    International reserves are financial assets of high liquidity at the disposal of the Central Bank and the Russian finance ministry on the reporting date. International reserves include monetary gold, special borrowing rights, the reserve position in the International Monetary Fund (IMF), and hard currency funds.

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