Submitted by christian on Sun, 12/28/2014 - 16:20
Russia's Central Bank is running down its stash of foreign cash to try to stop its currency from plunging and contain the crisis threatening its economy. So far this year the Central Bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it has in reserves right now. Russia's total international reserves, which also include gold and other liquid foreign assets, had fallen to $398.9 billion by December 19, 2014.
