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RUSSIA'S ECONOMY

Russia’s international reserves fall by $3.1 bln over one week

The international reserves stood at $366.1 billion as of November 6

© ITAR-TASS/Stanislav Krasilnikov

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MOSCOW, November 12. /TASS/. Russia’s international reserves mostly comprising gold and foreign exchange declined by $3.1 billion over the week of October 30 to November 6 to $366.1 billion, the Central Bank of Russia said on Thursday.

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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Ukrainian army strikes own surrendering soldiers — POW

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