Russia’s international reserves down $9.2 bln over week — Central Bank

Business & Economy November 21, 16:36

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government

MOSCOW, November 21. /TASS/. Russia’s international reserves edged up by $8.4 bln over the week and totaled $633.6 bln as of September 27, 2024, the Central Bank said.

"International reserves as of the close of business on November 15, 2024 stood at $611.6 bln, having declined over the week by $9.2 bln or by 1.5%, predominantly as a result of negative revaluation," the regulator informed.

Reserves totaled $620.8 bln as of November 8.

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. The target level of the Central Bank for international reserves is $500 bln.

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