Russian central bank seeks to increase its reserves to $ 500 billion
Follow-up - and babysit - Governor of the Central Bank of Russia Elvira Npulina explained that the Bank aims to increase its reserves to $ 500 billion within 5 to 7 years.
Npulina indicated in a speech in front of the Russian parliament on Friday, that the increase in bank reserves, aims to get a "safety belt" to maintain the financial stability of the country on the one hand, and the payment of foreign debt on the other hand.
It reported that the size of the total foreign debt of Russian "public and private sectors," fell to 521.61 billion dollars by the first of the month of October.
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