Wednesday, August 22, 2012

22/8/2012: Charting Russian Reserves rise, and fall, and rise again

A mighty nice chart courtesy of FRED database, showing the recovery in Russian state reserves (ex-gold) following marking down and deficit financing during the crisis.

In 1998-1999 reserves stood at a monthly average of USD8.73 billion, by their peak in 2008 the monthly average was USD507.0 billion. In the first 6 months of 2012 the reserves averaged USD466 billion, which is only 8.1% below their peak year levels. At the crisi trough, the reserves were down to USD368 billion.

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