“International reserves for the week from 11 to 18 March rose by 5.8 billion USD, or 1.5%, under the impact of positive exchange rate and market revaluation and return to the Bank of Russia funds in foreign currency by banks – residents,” – says the Central Bank.
International reserves of Russia have grown for seven consecutive weeks until February 12, adding $14.4 billion from 1 January 2016 to a value of $382,4 billion.
In 2015, the reserves fell by 4.5%, or $17,46 billion, with $385,460 billion on January 1, 2015 to $368,0 billion on January 1, 2016
International reserves are highly liquid financial assets held by the Bank of Russia and the government of the Russian Federation. They consist of assets in foreign currency, monetary gold, special drawing rights (SDRs, special drawing rights – settlement monetary unit used by the International monetary Fund, IMF) reserve position in IMF and other reserve assets.
