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On the Results of Investing Funds of the Reserve Fund and the National Wealth Fund

4 july 2011 года
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Russia’s Finance Ministry hereby informs about the results of investing funds of the Reserve Fund and the National Wealth Fund as of July 1, 2011

The Reserve Fund

The aggregate amount of the Reserve Fund was 746.84 billion rubles, which is equivalent to 26.57 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:

-          11.08 billion US dollars

-          9.04 billion euros;

-          1.58 billion pounds sterlings.

The aggregate calculated income from placing funds of the Reserve Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15, 2011, to June 30, 2011, was 0.15 billion US dollars, which is equivalent to 4.10 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to June 30 was a negative value of (-) 28.07 billion rubles.

The National Wealth Fund

The aggregate amount of the National Wealth Fund was 2 600.00 billion rubles which is equivalent to 92.61 billion US dollars including:

1)     In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:

-          28.25 billion US dollars;

-          24.60 billion euros;

-          4.47 billion pounds sterlings;

2)     437.02 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank

 

In June of 2011 in order to invest the Fund’s resources more efficiently and subject to Russian Government Resolution dated January 19, 2008 № 18 refund dates of deposits with Vnesheconombank worth 2.00 billion US dollars and 0.75 US dollars placed through using the Fund’s resources were changed from July 1, 2011 to December 27. 2012 and from October 31 2011 to April 2013 respectively.

 

The aggregate calculated income from placing funds of the National Wealth Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15 to June 30, 2011, was 0.39 billion US dollars, which is equivalent to 10.88 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to June 30, 2011 was a negative value of (-) 77.10 billion rubles and the exchange rate difference from recalculating funds placed on Vnesheconombank’s deposits in US dollars was a value of (-)15.02 billion rubles.

The aggregate income from placing the Fund’s resources on Vnesheconombank’s deposits from January to June of 2011 was 14.49 billion rubles which is equivalent to 0.49 billion US dollars.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes from placing funds of the Reserve Fund and the National Wealth Fund were calculated on the basis of official exchange rates of foreign currencies set by the Bank of Russia as of the date prior to the reporting date and of cross rates calculated on the basis of the said exchange rates.

Detailed statistics on transactions with funds of the Reserve Fund and the National Wealth Fund is posted on the Internet site of the Russian Finance Ministry in the following sections: “The Reserve Fund” and “The National Wealth Fund” in appropriate subsections in Russian and English, the statistics is updated on a regular basis.

Origin: Press Service of Russia’s Finance Ministry
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