Russia's gold and currency reserves fell by three billion dollars in a week
Gold and exchange currency reserves of Russia for the week from August 26 to September 2 decreased by 0.7 percent to 394.3 billion dollars. This is evidenced by information on the website of the Central Bank.
At the same time, by September 1, international reserves increased by $ 28.9 billion compared to the same period of last year - up to 395.2 billion, according to the Bank of Russia.
In the middle of last year, the first deputy chairman of the Central Bank, Dmitry Tulin, said that the regulator plans to increase Russia's international reserves to 500 billion dollars within three to five years. He noted that the timing depends on the implementation of certain macroeconomic scenarios.
Reserves were used by the Central Bank to maintain the ruble exchange rate. They were spent on foreign exchange interventions. In November 2014, the regulator released the ruble into free floating and stopped spending reserves. At the beginning of the same year, they reached 510.5 billion dollars.
International (or gold and currency) reserves are assets in foreign currency, gold and special drawing rights.
Gold and exchange currency reserves of Russia for the week from August 26 to September 2 decreased by 0.7 percent to 394.3 billion dollars. This is evidenced by information on the website of the Central Bank.
At the same time, by September 1, international reserves increased by $ 28.9 billion compared to the same period of last year - up to 395.2 billion, according to the Bank of Russia.
In the middle of last year, the first deputy chairman of the Central Bank, Dmitry Tulin, said that the regulator plans to increase Russia's international reserves to 500 billion dollars within three to five years. He noted that the timing depends on the implementation of certain macroeconomic scenarios.
Reserves were used by the Central Bank to maintain the ruble exchange rate. They were spent on foreign exchange interventions. In November 2014, the regulator released the ruble into free floating and stopped spending reserves. At the beginning of the same year, they reached 510.5 billion dollars.
International (or gold and currency) reserves are assets in foreign currency, gold and special drawing rights.
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