MOSCOW, August 22 (Itar-Tass) - Russia’s gold and foreign exchange reserves (of the national reserve assets) decreased by 100 million U.S. dollars over a week from August 10 through to August 16, to stand at the point of 507.7 billion U.S. dollars, the External and Public Relations Department of the Central Bank said on Thursday.
Over the preceding week (on August 3-9), the national reserves also dropped by 100 million U.S. dollars to 507.8 billion U.S. dollars. In July 2013, the Russian gold and foreign exchange reserves went down by 0.2 percent to 512.834 billion U.S. dollars.
Foreign exchange and gold reserves are external assets controlled by the monetary authorities and may be used for financing balance-of-payments deficits, for interventions in currency markets affecting the national currency's rates or for similar purposes.
Foreign exchange and gold reserves are highly liquid foreign assets at the disposal of the Bank of Russia and the Russian government on a certain date. They comprise monetary gold, Special Drawing Rights, reserves with the International Monetary Fund, and foreign currency.