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| “Moody’s” increased rating of Russian obligations in national and foreign currency from Baa3 to Baa2, forecast – “stable”. The experts considered “very fast and substantial growth” of gold and foreign currency reserves and Stabilization Fund, properly balanced government policy, stable political situation, as well as preparedness of the state to reimburse debts ahead of time. The Bank of Russia gold and foreign currency reserves as of the 25th November 2005 have reached new record for the history of Russia – USD167,2 billion. |
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