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. Last Updated: 07/27/2016

Reserves Hit $11.9Bln

MOSCOW -- Russia's Central Bank said Thursday that its gold and foreign exchange reserves slipped to $11.9 billion on Jan. 15 from $12 billion on Jan. 8.

The level of $11.9 billion is the lowest so far this year and was also the lowest level of last year. Analysts say the reserves are under pressure as Russia uses them to help repay foreign debt and support the ruble.