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MOSCOW, August 31 Russia's international reserves increased by 0.2% from August 18 to 25 and amounted to $580.5 billion, according to the materials of the Bank of Russia .
«The volume of international reserves as of August 25 amounted to 580.5 billion US dollars, having increased by 1 billion US dollars, or 0.2% over the week, mainly due to the increase in gold prices,» the report says. regulator.
International (gold and foreign exchange) reserves of the Russian Federation are highly liquid foreign assets at the disposal of the Bank of Russia and the government. The reserves consist of monetary gold, special drawing rights (SDRs), reserve position in the IMF, and foreign currency holdings (other reserve assets).
In 2022, the international reserves of the Russian Federation decreased by 8.4% and as of January 1 of this year amounted to $577.5 billion. They reached their all-time high of $643.2 billion on February 18, 2022.