Russia’s International Reserves: May–June Movements and Underlying Trends

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In May, observers noted a retreat in Russia’s international reserve holdings, with a decline of 11.6 billion dollars. By the start of June, the total reserve stockpile stood at 584.1 billion dollars, according to data published by the Central Bank. The bank’s statistics confirm a parallel assessment: as of June 1, the international reserves reached approximately 584.175 billion dollars, with foreign exchange reserves comprising about 438.344 billion dollars of that total. These figures illustrate how, since January, Russia’s reserve position has expanded modestly, increasing by about 0.38 percent and adding roughly 2.1 billion dollars in monetary terms, based on the regulator’s material.

Looking at the week-by-week movement, the Central Bank noted a 0.5 percent drop between May 19 and May 26. This shift places the six-week trend in a zone of fluctuation, as reserves had stood near 586.3 billion dollars after the earlier week. Over the seven days in question, the reserve total fell by around 3 billion dollars. To place this in a broader context, the reserve level had previously contracted by about 10.2 billion dollars from May 12 to May 19, bringing the figure down to around 589.3 billion dollars. The month-to-month dynamics show a pattern of retreat punctuated by brief recoveries, reflecting evolving external and domestic conditions affecting official liquidity buffers.

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