In the week between February 9 and 16, the Russian Federation’s international reserves decreased by $6.6 billion, from $580.4 billion to $573.8 billion. data Central Bank of the Russian Federation.
International reserves are highly liquid assets in foreign currency and gold that are at the disposal of the regulatory authority and the government. These consist of foreign exchange assets, monetary gold, IMF special drawing rights and other reserve assets.
Previously, in the week between February 2 and February 9, reserves decreased by $6 billion, from $586.4 billion to $580.4 billion. In the period between January 26 and February 2, the decrease was 1.4 billion dollars. The reserve volume was the same in January. It has consistently decreased by several billion dollars on a weekly basis.
At the same time, on December 29, 2023, reserves reached $599.3 billion, an increase of $5.9 billion, or 1%, during the week due to the positive revaluation of foreign exchange assets.
In early February, it became clear that the Russian economy was incredibly stable in the face of Western sanctions. in the name surprised many foreign economists. The restrictions threatened a catastrophic downturn, but the economy benefited from higher energy revenues and increased defense spending.
Previous Analyst said About the consequences of the sharp increase in Russia’s gold reserves.