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Replies to #42268 on FOREX TRADERS

Capitalist

01/26/15 11:00 AM

#42269 RE: Relentless Despot #42268

Well they are dumping dollars as well as other currencies, but I don't think it's by choice. Their foreign reserves have dropped by over 20% in a year to below $400 billion. It looks like they're straining to meet their trade obligations. They're buying gold too, but not much relative to their spending of reserves.

http://cbr.ru/eng/hd_base/default.aspx?Prtid=mrrf_m