MOSCOW, November 30 (RIA Novosti) - Russia's Stabilization Fund, established in 2004 to accrue surplus revenues from high world oil prices, totaled almost 1,900 billion rubles (about $71.7 billion) as of October 1, 2006, a government source said Thursday.
As of October 1, the Stabilization Fund included 385 billion rubles (about $14.5 billion), $25.4 billion, 20 billion euros and 3 billion British pounds, the source said.
The Stabilization Fund's money was initially intended to be invested in the highly liquid debt securities of foreign states but, instead, was converted in the foreign exchange of different countries, the source said.
