OREANDA-NEWS. May 07, 2010. In April 2010 they decreased by USD8.3 million, and although their rise for Jan-Apr of the year totaled USD 326.1 million, it is less than the growth for March alone (USD 334.4 million).

During the whole last year the Bank lost 15.7% or USD 961.4 million of own currency reserves.

The CBA reports that as of 1st May 2010 its currency reserves totaled USD 5.501 bn versus USD 5.51 bn by 1st April, USD 5.07 bn by 1st March, USD 5.139 bn by 1st February, USD 5.175 bn by 1st January of 2010 and USD 6.137 bn by 1st January of 2009.

“The last time, when the CBA reserves were at the level of USD 5.636 million (the same figure was registered as of 1st March 2009), was by this April.

In 2008, growth of reserves made USD 2.12 bn or 52.8%. In 2008, the CBA was ready to acquire up to USD 4 bn from the market but as budget expenditures go weak and absorption at the financial market rose, the Bank’s plans were not realized.

In 2007, currency reserves rose by USD 2.048 bn and reached USD 4.015 bn by 31 December, and the Bank earned USD 150 million from their placement.

In 2006 due to interventions, the Bank purchased USD 1 bn at the market and this year it expected to buy at least USD 1.5 bn. Summarizing the results of 2007, the CBA planned to bring its currency reserves up to USD 3.5 bn.