March 21, 2005
MosNews
The Bank of Russia has increased the share of the euro in Russia’s currency reserves from 0.1 to 0.2, the public relations department of the Bank reported Monday, RIA-Novosti news agency reported.
“Beginning March 15, 2005 the Bank of Russia has set the following structure of the bi-currency basket: 0.2 euros and 0.8 U.S. dollars,” the Bank said in a statement.
The Central Bank noted that the decision to increase the share of the euro is aimed at further stabilizing the ruble exchange rate against the dollar and other leading world currencies.
The transfer to the use of the so-called “bi-currency” basket was implemented in line with the governmental program on monetary policy for the year 2005.
http://www.mosnews.com/money/2005/03/21/cbeuro.shtml