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Russia’s international reserves unchanged at $358.5 bln over week

May 14, 2015, 15:48 UTC+3 MOSCOW
In the previous week, Russia’s international reserves grew by $5 billion
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© TASS/Donat Sorokin

MOSCOW, May 14. /TASS/. Russia’s international reserves mostly comprising gold and foreign currency were unchanged in the week of May 1-8 at $358.5 billion, the Central Bank said on Thursday.

In the previous week, Russia’s international reserves grew by $5 billion to $358.5 billion.

Russia’s international reserves are highly liquid foreign assets managed by the Central Bank of Russia. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.

Russia’s international reserves fell by $124.135 billion or 24.4% in 2014 to $385.46 billion as of January 1, 2015.

During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009).

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