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Russia’s international reserves declined over the week




MOSCOW, 8 Apr – PRIME. International reserves of the Russian Federation from March 26 to April 2 decreased by 0.5% and amounted to 574.8 billion dollars, according to the materials of the Central Bank. The real effective exchange rate of the ruble in the first quarter increased “International reserves as of April 2 amounted to 574.8 billion , having decreased over the week by $ 2.9 billion, or 0.5%, as a result of a negative exchange rate revaluation and a decline in gold prices, “the regulator said in a statement. The international (gold and foreign exchange) reserves of the Russian Federation represent highly liquid foreign assets at the disposal of the Bank of Russia and the government. Reserves consist of monetary gold, special drawing rights (SDRs), a reserve position in the IMF, and foreign exchange funds (other reserve assets). The international reserves of the Russian Federation for 2020 increased by 7.5% and as of January 1 of this year amounted to $ 595.8 billion. The reserves reached their all-time high on August 7, 2020.

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