Russia’s international reserves for the week rose by $3.7 billion




The volume of international reserves of the Russian Federation as of October 13, 2017 was $427,0 billion against $423,3 billion on October 6, 2017, according to the materials of the CBR.

“The volume of international reserves as at 13 October was $427,0 billion, having increased within the week by $3.7 billion, or 0.9%, due to cumulative positive effects of the revaluation, transactions on the accounts of Ministry of Finance and the monetization of gold,” – said the Central Bank.

Russia’s international reserves are highly liquid foreign assets available to the Bank of Russia and the Government of the Russian Federation.

The international reserves consist of means in foreign currency, special drawing rights (SDRs), reserve position in IMF and monetary gold.



Russia’s international reserves for the week rose by $3.7 billion 19.10.2017

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