Free Republic

Source of Money Outflow Hasn’t Drained Under the CBR estimate, Russia’s foreign exchange assets amounted to $562.8 billion as of September 26, having shown the growth first time since late August. Regardless, the capital outflow continues, it may reach $45 billion from early August and the quarterly net capital outflow will be probably posted in the third quarter. Russia’s foreign exchange assets grew by $3.4 billion to $562.8 billion September 19 to 26. They widened first time over a month; overall, they narrowed by $23.1 billion in the first three weeks of September. The assets lost $34.7 billion vs. the...