The volume of Russia’s international reserves amounted to $561.9 billion, down 0.9% (or $4.9 billion) during the week, as of September 2, 2022. About author TASS agency, which refers to the press service of the Bank of Russia.
It is noted that the indicator has decreased under the influence of negative revaluation.
the previous day reportedRussia’s international reserves stood at $565.66 billion as of September 1, 2022, 1.95% (or $11.244 billion) lower than at the beginning of August.
As of September 1, 2021, it was announced that international reserves were 618.181 billion dollars, with a decrease of 8.5%. On February 1, Russia’s international reserves were at $630,207. This is 10.3% more than on September 1.
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.
Last week, Dmitry Tulin, First Deputy Governor of the Central Bank of Russia declarationThat the Central Bank held half of its gold and foreign currency reserves in dollars and euros before being frozen by Western countries as they were used in domestic currency circulation.