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Russia’s international reserves up by 1.92% to $620.764 bln in January — Central Bank

In January, foreign exchange reserves increased by 0.21% to $414.239 billion, and the value of monetary gold in reserves increased by 5.53% to $206.526 billion

MOSCOW, February 7. /TASS/. Russia’s international reserves increased by 1.92% (or $11.696 bln) in January, reaching $620.764 bln as of February 1, 2025, the Central Bank reported.

As of February 1, 2024, the country’s international reserves amounted to $585.448 bln.

In January, foreign exchange reserves increased by 0.21% to $414.239 billion, and the value of monetary gold in reserves increased by 5.53% to $206.526 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. The target level of the Central Bank for international reserves is $500 bln. 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.