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Russian international reserves down by $33.4 billion in December — Central Bank

January 16, 2015, 17:00 UTC+3 MOSCOW
Russia’s international reserves are currently at their lowest level since August 2009
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Russia's Central Bank

Russia's Central Bank

© TASS/Artiom Korotaev

MOSCOW, January 16. /TASS/. Russian international reserves contracted by $33.4 billion to $385.7 billion in December last year, the Central Bank said on Friday.

Russia’s international reserves are currently at their lowest level since August 2009. During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009). 

Russian international [gold and foreign-currency] reserves are highly-liquid foreign assets owned by the Bank of Russia and the Russian government. They include monetary gold, special drawing rights, a fall-back position in the IMF and other reserve assets.

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