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Russia to convert foreign currency from wealth fund to arrest rouble's fall

Thursday, January 15, 2015 - 05:50

Moscow

RUSSIA may unseal its US$88 billion Reserve Fund and convert some of its foreign-currency holdings into roubles, the latest government effort to prop up an economy veering into its worst slump since 2009.

"Together with the central bank, we are selling a part of our foreign-