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


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.

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