The government boosted its holdings of U.S. notes and bonds by 1 percentage point at the end of the second quarter of last year and spent more of its funds on German assets, the Central Bank said Friday.
The Central Bank raised the share of its reserves invested in U.S. notes and bonds to 38 percent of the total at the end of the second quarter from 37 percent at the end of the first, the regulator said. Its international reserves amounted to $412.6 billion at end-June 2009.
The bank boosted investments in German notes and bonds to 18.3 percent at the end of the second quarter from 17.2 percent in the previous three months, while the share of French assets slid to 17.6 percent from 19.5 percent, central bank data show. Holdings of British assets fell to 10.2 percent from 11.8 percent.
The Central Bank said it spent 4.1 percent of the stockpile on Russian assets, compared with 4.3 percent at the end of the first quarter. Russia boosted investments in Belgian notes to 5 percent from 2.2 percent and increased holdings of Spanish assets to 1.6 percent from 1 percent.
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