Russia's foreign exchange drops 5 percent


(MENAFN) Russia's foreign exchange reserves have dropped to USD490.2 billion in the first week of February compared to USD498.9 billion on January 31, 2014, according to Qatar News Agency



Value of international reserves fell by 5 percent in Russia in 2013



Russia"s international reserves reached USD511.6 billion in value during the week ending December 27, 2013 down from the start of 2014 when they were valued at USD537.4 billion.



Bank of Russia Governor Elvira Nabiullina said that the country's economy is expected to grow by 1.5 percent to hit 1.8 percent in 2014


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.