The international (gold and foreign exchange) reserves of Russia for the week rose by $ 0.8 billion to $ 626.3 billion, according to a statement published on the Central Bank’s website on Thursday, December 23.
Provisions increased as a result of foreign exchange purchases under the fiscal rule, partially offset by negative revaluation.
The previous record was recorded by the Central Bank on November 19 – then the international reserves also amounted to $ 626.3 billion.At the same time, on November 12, a historic maximum was recorded, when these reserves amounted to $ 626.2 billion.
In 2020, Russia’s international reserves grew by 7.5% and amounted to $ 595.8 billion as of January 1, 2021.
The international reserves of the Russian Federation are highly liquid foreign assets at the disposal of the Central Bank and the government. They consist of monetary gold, special drawing rights, a reserve position with the International Monetary Fund (IMF), and foreign currency funds (other reserve assets).
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
