Russian Central Bank Gold Reserves Soar

The Russian Central Bank has announced that gold or hard currency reserves soared 7.7 per cent to a record $134.15 billion in January-February 2005.

Russian Central Bank gold reserves grew 260% in 2004. With an increase from $47.4 billion at the end of 2003 to $124.5 billion at the end of 2004.

Source: The Russia Journal Daily