As of February 1, 2023, the volume of international Russian reserves amounted to $597.035 billion, which is 2.59% more than at the beginning of January 2023, or $15.046 billion. information about it published On the website of the press service of the Bank of Russia.
As of February 1, 2022, international reserves totaled $630.207 billion, which is 5.3% less than current value, or $33.172 billion.
A country’s international reserves consist of foreign currency holdings, monetary gold, special drawing rights, reserve position in the International Monetary Fund (IMF), and other reserve securities.
In the second half of January, GV Plekhanova Denis Perepelitsa, Head of the Department of World Financial Markets and Fintech, Russian University of Economics expression The view that Russia’s international reserves began to grow in early January due to the resumption of fiscal rule.
In early December, Ksenia Yudaeva, First Deputy Governor of the Bank of Russia knowledgeableThe Bank of Russia has sufficient international reserves in case of risk and so far the regulator has not seen the need to increase them.