Russia went dry from the U.S. mortgage crisis

Banks Finansy02-02-2009 Russia went dry from the U.S. mortgage crisis Bank of Russia has not only got rid of all the securities of U.S. mortgage agencies, but also make good money on them. Earlier actions by the Russian central bank has repeatedly been criticized in connection with such risky investments. However, the Central Bank left unscathed. Bigness.ru figured out how he did it. The Bank of Russia has sold all the securities of U.S. mortgage agencies, which had been. On Friday said the head of the Bank of Russia Sergei Ignatiev. As stressed by S. Ignatiev, "we sell them, earn money and have not lost anything", - quotes its words with RIA Novosti. A year ago, Russian investments in bonds of U.S. mortgage agencies (Federal Home Loan Bank, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation) accounted for more than a third of all investments of the Bank of Russia in foreign securities - 37.03%, or 2.475 trillion rubles. Most of them had on January 1, 2008 maturity of less than one year. Referred to the agency and included in the list of 15 foreign government agencies, debt obligations which may allocate funds of the Russian national funds formed on the basis of the stabilization fund of Russia.