Official Reserves of Russia: Volume, Structure, Management

G. Fetisov

Voprosy Ekonomiki, 2005, issue 1

Abstract: Criteria of sufficiency of gold and foreign exchange reserves of Russia are considered in the article. Their minimum size by different criteria is equal to 25 bln. USD. So the Central Bank of Russia can trade part of these reserves for Russian Federation's debts to foreign countries. It is also possible to use gold and foreign exchange reserves to refinance commercial banks credits to exporters and implement modernization projects in the economy. This will decrease foreign borrowings of the private sector, improve structure and efficiency of using gold and foreign exchange reserves without damaging stability of the ruble.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2005:id:1394

DOI: 10.32609/0042-8736-2005-1-49-62

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