The Central Bank can change the structure of its gold and currency reserves giving added weight to euro, announced today chairman of the Central Bank Sergey Ignatyev.

“We are indeed contemplating the possible change in the structure of gold and currency reserves, but we have not reached a decision yet”. Ignatyev reminded that at the moment the reserves are comprised of US dollars (70%), euro (25%) and gold (5%). The head of the central bank noted that the sharp decline in the dollar exchange rate has recently caused concern.

Analysts have noticed that the Russian Central Bank has sharply reduced its volumes of dollar purchases in the domestic market. At the moment dollar trades at 29.22 roubles, down from its recent level of 28 roubles.