20 Oct 2009 15:54

CB sees no grounds for significant change in reserves structure

MOSCOW. Oct 20 (Interfax) - The Central Bank of Russia sees no grounds for significantly altering its gold and forex reserves structure, CB First Deputy Chairman Alexei Ulyukayev said at a meeting of the State Duma's Financial Markets Committee.

"We have no grounds for a significant change to the reserves structure," he said.

The reserves structure is more or less balanced, Ulyukayev said, when asked whether the CB planned to alter this in view of the dollar's slide.

He said the instruments in which the CB invested the reserves depended not only on yield but also on market liquidity, the prospects of liabilities in various currencies being honored and the structure of foreign trade.