In the period from February 24 to March 3 this year, the volume of Russia’s international reserves decreased by 2.3 billion dollars, at the beginning of spring this figure was at the level of 578.4 billion dollars. reported on the Central Bank’s website.
Several factors contributed to this development. The currency regulator clarified that negative revaluation as well as operations performed under the budget rule were among the key ones.
“As of March 3, the volume of international reserves decreased by US$2.3 billion, or 0.4%, over the week to US$578.4 billion,” the material says.
As a result of February, the volume of Russia’s international reserves decreased by 3.82%. So as of February 24, this figure was around $580.7 billion, and on the 17th it was $582.1 billion.
March 10 at the Central Bank reportedreported that in the first two months of this year, Russia’s foreign trade surplus decreased by 2.8 times compared to the same period of 2022. At the end of February, this figure fell to 15.3 billion dollars, mainly due to the decline in exports of goods in the Russian Federation and the fall in prices of the main types of products produced.