International Reserves of Russia Updated Historical Maximum

The international reserves of the Russian Federation from August 20 to 27 increased by 3.4 per cent and amounted to $615.6 billion, updating the historical maximum, PRIME reports with reference to the materials of the country’s Central Bank.  

It is specified that the previous record was set by the Central Bank on May 28, when the international reserves of the country amounted to $605.9 billion. The international reserves of  Russia for 2020 increased by 7.5 per cent and as of January 1 of this year amounted to $595.8 billion.

It is noted that the international (gold and foreign exchange) reserves of the Russian Federation are highly liquid foreign assets available to the Bank of Russia and the government. Reserves consist of monetary gold, special drawing rights(SDRs), a reserve position in the IMF, and funds in foreign currency.

As it is stated, as of August 27, international reserves of the Russian Federation amounted to $615.6 billion and increased by $20.0 billion, or 3.4 per cent, over the week. A key component of the increase in reserves was the receipt by Russia of special drawing rights (SDRs) in the amount of $17.5 billion as part of the IMF’s decision on the new distribution of SDRs among member countries.

Ru-Main, 08.09.2021 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *