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Russia’s international reserves declined by $6.3 billion from February 27 to March 6

March 12, 2015, 16:33 UTC+3 MOSCOW
Reserves dropped due to the negative balance of the exchange and the mark-to-market adjustments, Central Banks's press service says
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© TASS/Sergei Konkov

MOSCOW, March 12. /TASS/. Russia’s international reserves declined by $6.3 billion to $356.7 billion from February 27 to March 6, 2015, the Bank of Russia said on Thursday.

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government and consist of the foreign exchange, special drawing rights (SDR), IMF reserve position, and the monetary gold.

Reserves dropped due to the negative balance of the exchange and the mark-to-market adjustments, CB press service said.

"Russia’s international reserves declined by $6.3 billion or by 1.7% during the week from February 27 to March 6, 2015. The said reduction was actually fully related to the negative balance of the exchange and the mark-to-market adjustments," the Central Bank said.

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