Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (942)	3/25/1999 5:40:00 PM
From: Paul Berliner	Read Replies (1) of 1301

russiatoday.com MOSCOW, Mar. 25, 1999 -- (Reuters) Russia's gold and foreign currency reserves slid to a three-year low of $11.2 billion on March 19 from $11.4 billion on March 12, the central bank said on Thursday. The reserves are being depleted by the central bank's efforts to shore up the weak ruble and the necessity to service the government's foreign debt. The Finance Ministry has said it has ordered a 297 million mark payment be done on 2004 and 2005 Eurobonds and admitted the bulk of the funds came from the central bank's reserves. The central bank's precious metals chief said on March 11 that gold reserves totaled 520 tonnes. ( (c) 1999 Reuters

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