To float away foreign exchange reserves?

Banks Finansy29-01-2009 Where are flowing off reserves? The international reserves of Russia for a week again declined, this time at $ 9.7 billion main reason for the decline of reserves is called the policy a smooth devaluation. However, if the market believes that the devaluation of the ruble is over, and it's worth spending the remaining funds? The international reserves of Russia for a week from 16 to 23 January 2009 again declined, this time at $ 9.7 billion to $ 386.5 billion Thus, international reserves are at a level first reached in May 2007. But even at 1 January 2009 the volume of international reserves of Russia amounted to $ 427.08 billion, recall that a record of $ 598.1 billion in international reserves reached on Aug. 8, 2008. As on January 27 said the director of the department for operations on financial markets the Bank of Russia Sergei Shvetsov, the Central Bank only in January 2009 sold $ 35 billion of foreign reserves. However, S. Shvetsov said last week that the Bank sold $ 3.5 billion, and this week no action is performed. "Actually, from Russia because of the gold reserves sold currency has gone about 17%, 36% transferred to natural persons" - was quoted as saying the Itar-Tass. S. Shvetsov also explained that the remaining funds left in the Russian banking system - a total of 1 trillion rubles. But in the form of transfer of physical persons of the ruble-denominated deposits in foreign currency deposits.