Russia’s international reserves down $7.2 bln to $566.8 bln over week

Date:



Russia’s worldwide reserves dropped by $7.2 bln or by 1.3%
over the week and amounted to $566.8 bln as of August 26, 2022, the
Central Financial institution mentioned on Thursday, Pattern experiences with regards to TASS.

“The quantity of worldwide reserves as of August 26 totaled
$566.8 bln, having declined over the week by $7.2 bln or by 1.3%
beneath the impact of damaging revaluation,” the regulator mentioned.

Reserves equaled $574 bln as of August 19 of this 12 months.

Russia’s worldwide reserves are extremely liquid overseas belongings
obtainable with the Financial institution of Russia and the Russian Authorities. They
comprise overseas forex, Particular Drawing Rights (SDRs), a reserve
place within the Worldwide Financial Fund and financial gold. The
goal degree for worldwide reserves set by the Central Financial institution of
Russia is $500 bln.

Share post:

Popular

More like this
Related

Embracing the Magic: A Journey into the World of Entertainment

Entertainment, in all its forms, has the remarkable ability...

Exploring the Dynamic Realm of World News

In an era where the world is more interconnected...

Augusta Review: Unveiling the Hidden Treasures of This Charming Southern City

Nestled along the banks of the Savannah River, Augusta,...

Why did the Palestinian group Hamas launch an attack on Israel? All to know | Israel-Palestine conflict News

EXPLAINERDozens killed, tons of injured after Hamas sends...