CB to start investing reserves in Australian dollars no earlier than mid-2011

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CB to start investing reserves in Australian dollars no earlier than mid-2011 - Ulyukayev

LONDON. Dec 1 (Interfax) - Russia's Central Bank will start investing reserves in Australian dollars no earlier than mid-2011, the bank's First Deputy Chairman, Alexei Ulyukayev, told journalists on the sidelines of a Russian banking forum organized by the Adam Smith Institute. "Several months are needed, half a year definitely," he said when asked about the start of investment of Russia's international reserves in assets denominated in Australian dollars.