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Russia's currency reserves to grow by $89 bln in 2006 - CBR

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MOSCOW, August 16 (RIA Novosti) - Russia's foreign currency reserves will grow $88.8 billion in 2006, the country's Central Bank said Wednesday.

According to the bank, Russia's gold and foreign currency reserves stood at $266.9 billion on August 4.

The Central Bank forecasts a goods and services trade surplus in 2006 of $128.8 billion, and a current account surplus of $111.2 billion.

The figures are included in a draft document which is set to be discussed Thursday at a Cabinet meeting on the country's monetary and credit policy for 2007.

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