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Reserves Plummet $16.4Bln in a Week

22 August 2008

By Tai Adelaja

Russia’s international reserves fell $16.4 billion in the week from Aug. 8, as the Central Bank moved to prop up the ruble amid concerns over the conflict with Georgia and the euro weakening against the dollar.

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Reserves Plummet $16.4Bln in a Week

Reserves Plummet $16.4Bln in a Week

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