MOSCOW, November 8. /TASS/. Russia’s international reserves as of November 1, 2023, amounted to $576.08 bln, which is 1.24% (or $7.062 bln) higher than the figure at the beginning of October, the Bank of Russia said in a statement.

Foreign exchange reserves in October decreased by 0.26% to $427.402 bln. The value of monetary gold in reserves increased over the month by 5.82% and amounted to $148.68 bln.

As of November 1, 2022, Russia’s international reserves amounted to $547.19 bln.

The Bank of Russia resumed publication of an extended set of indicators on Russia’s international reserves at the end of March, which had not previously been released for about a year.

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

Following the onset of Moscow’s special military operation in Ukraine Western countries slapped sanctions against the Bank of Russia. Apart from freezing Russia’s gold and foreign currency reserves, all transactions related to management of the regulator’s reserves and assets, as well as transactions with any legal entity, organization or body acting on behalf or at the direction of the Central Bank, were prohibited.