Support The Moscow Times!

Bank Takes Canadian Dollars

The Central Bank increased the share of the Canadian dollar in its gold and foreign exchange reserves last year, the bank said in its annual report submitted Monday to the Duma.

As of Jan. 1, 2011, Russia kept 0.8 percent of its foreign currencies reserves in the Canadian dollar, while the British pound's share slid to 9.3 percent from 10.4 percent a year earlier.

The euro's share in the stash decreased last year to 43.1 percent from 43.8 percent a year earlier. The Central Bank increased the share of the dollar by 0.7 percent last year to 45.2 percent, while the share of the Japanese yen increased to 1.6 percent from 1.3 percent. It also bought 136.6 tons of gold last year.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.