MOSCOW. (Interfax) - The Central Bank of Russia has forecast an increase of between 70 billion dollars and 80 billion dollars in the country's gold and foreign currency reserves in 2007. "We have scenarios for 2007 where an increase in the reserves varies from 48 billion to 143 billion dollars. I believe that growth of between 70 and 80 billion dollars is most likely," the bank's First Deputy Chairman Alexei Ulyukayev told Interfax on January 12. 2006 saw a record increase of 118 billion dollars in Russia's gold and foreign currency reserves. Adding to this early repayment of debts to the Paris Club of creditors means the Central Bank earned 140 billion dollars, Ulyukayev said.
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