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Re: Russia's Gold/Currency Reserves Top $446B On 11-1-7
MOSCOW, November 21 (Itar-Tass) -- The Russian gold and foreign currency reserves (or the international reserve assets) increased from 303.732 billion U.S. dollars to 446.961 billion U.S. dollars from January 1 through October 31, 2007, Prime Tass economic news agency said on Wednesday, quoting official information of the Central Bank of Russia.
Other liquidity in foreign currency went up from 866.2 million U.S. dollars to 1,060 million U.S. dollars in January-October 2007, Prime Tass said.
As of November 1, Russia's foreign currency reserve assets exceeded 325.418 billion U.S. dollars, including bonds - 221.649 billion U.S. dollars, as well as currency in cash and deposits 103.769 billion U.S. dollars, Prime Tass said.
Special Drawing Rights (SDR) totaled 0.8 million U.S. dollars, Prime Tass said, adding that Russia's reserve position in the International Monetary Fund (IMF) amounted to 371.9 million U.S. dollars.
As of November 1, the country's monetary gold, calculated in compliance with the current quotations of the Central Bank, was estimated at 10.954 billion U.S. dollars, while gold reserves assets amounted to 14.1 million net troy ounces, Prime Tass said.
Other international reserve assents amounted to 110.216 million U.S. dollars, Prime Tass said.
As of November 1, deposits that are not included in the international reserves in the foreign currency totaled 1.060 billion U.S. dollars, Prime Tass said.
Re: Russia's Gold/Currency Reserves Top $446B On 11-1-7
In other words, China and Russia will be delivering a knockout punch to the "superpower" of the world.
I have one question, and the day our money is worth less than monopoly money(which is coming sooner than you think), I want someone to scream this in the streets........
"Was saving a dime on products at Wal-Mart worth the death of our nation?"
