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Russia's international reserves down by 0.34% in October to $631.573 bln — regulator

In October, foreign exchange reserves decreased by 2.33% to $423.874 billion, and the value of monetary gold in reserves increased by 3.97% to $207.699 billion

MOSCOW, November 8. /TASS/. Russia's international reserves amounted to $631.573 billion as of November 1, 2024, which is 0.34% (or $2.164 billion) lower than the amount at the beginning of October, the Bank of Russia said in a statement.

As of November 1, 2023, Russia's international reserves amounted to $576.083 billion.

In October, foreign exchange reserves decreased by 2.33% to $423.874 billion, and the value of monetary gold in reserves increased by 3.97% to $207.699 billion.

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. After the start of the Russian special operation in Ukraine, Western countries imposed sanctions against the Bank of Russia. In addition to freezing the gold and foreign exchange reserves of Russia, all operations related to the management of the Bank of Russia's reserves and assets, as well as operations with any legal entities acting on behalf of or at the direction of the Bank of Russia, were banned.