Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government
MOSCOW, September 14. /TASS/. Russia’s international reserves amounted to $576.6 bln as of September 8, 2023, a decrease by $6.9 bln compared with the previous week, the Central Bank reported on Thursday.
“International reserves amounted to $576.6 bln as of September 8, down by $6.9 bln, or by 1.2%, in one week mainly due to negative revaluation,” the regulator said.
As of September 1, the country’s international reserves amounted to $583.5 bln.
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.
Following the onset of Moscow’s special military operation in Ukraine Western countries slapped sanctions against the Bank of Russia. Apart from freezing Russia’s gold and foreign currency reserves, all transactions related to management of the regulator’s reserves and assets, as well as transactions with any legal entity, organization or body acting on behalf or at the direction of the Central Bank, were prohibited.
Source: Tass
