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To: Stephen O who wrote (23938)	12/7/1998 5:34:00 PM
From: Alex	Respond to of 116924

12/07/98 - Russia"s currency, gold reserves shrink by 8 percent in Nov. <Picture> MOSCOW, December 7 (Itar-Tass) - Russia"s foreign exchange and gold reserves shrank by 8 percent in November, falling from 13.572 billion U.S. dollars on November 1, 1998 to 12.480 billion U.S. dollars on December 1, 1998, the Central Bank said on Monday. The Prime-Tass news agency quoted the Central Bank as saying that the country"s foreign exchange reserves dropped by 15 percent in November to 8.175 billion U.S. dollars. However, gold reserves increased by almost 10 percent over the same period, reaching 4.306 billion U.S. dollars. Between January 1, 1998 and December 1, 1998, Russia"s foreign exchange and gold reserves shrank by 30 percent, including foreign currency reserves by 37 percent, gold reserves by 12 percent. The share of foreign currency in Russia"s foreign exchange and gold reserves shrank from 72.5 percent on January 1, 1998 to 65.5 percent on December 1, 1998. The share of gold increased from 27.5 percent on January 1, 1998 to 34.5 percent on December 1, 1998.