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Russia’s international reserve assets go up by $3 bln on Dec 21 - Dec 27, 2013

January 17, 2014, 0:08 UTC+3 MOSCOW
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MOSCOW, January 10 /ITAR-TASS/. Russia’s gold and foreign exchange reserves (or the national reserve assets) went up by 3.1 billion U.S. dollars over a week from December 21 through December 27, to stand at 511.6 billion U.S. dollars, according to the External and Public Relations Department of the Central Bank.

Over the preceding week (December 14 - December 20), the national reserves went down by 4.2 billion U.S. dollars, and stood at 508.5 billion U.S. dollars. In November 2013, the Russian gold and foreign exchange reserves decreased by 8.7 billion U.S. dollars to stand at 515.59 billion U.S. dollars.

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.

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.

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