25 Nov 2009 18:11

Central Bank in technical preparations for investing reserves in Canadian dollars

MOSCOW. Nov 25 (Interfax) - The Central Bank of Russia is making technical preparations for investing a portion of international reserves in Canadian dollars, the head of bank's depart for financial markets operations, Sergei Shvetsov, said in the State Duma on Wednesday.

The Central Bank is selecting foreign currencies in which to invest the international reserves. "Technical preparations for operations in Canadian dollars" are underway, he said.

In future "another one-two currencies" might be added," he said.

CB Chairman Sergei Ignatyev said on November 18 that the CB's forex reserves structure is still weighted approximately 47% for US dollars, 41% for euros, 10% for sterling and 2% for yen.