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The Central Bank called the reason for the growth of international reserves (November 3, 2022)

The international reserves of the Russian Federation as of October 28 amounted to $550.1 billion, over the week they increased by 1.7% or $9.1 billion. This follows from the statistics presented on the website of the Central Bank. It follows from the regulator’s comment that the changes occurred as a result of a positive revaluation.


“The volume of international reserves as of October 28 amounted to 550.1 billion US dollars, having increased over the week by 9.1 billion US dollars, or 1.7%, under the influence of a positive revaluation,” the Central Bank said in a comment.


As of October 21, the international reserves of the Russian Federation were estimated at $541 billion, a month earlier, on September 30, at $540.7 billion. All this time, the volume of reserves has changed as a result of financial revaluations.


According to the Central Bank, the gold and foreign exchange reserves of the Russian Federation reached a historical maximum of $643.2 billion on February 18, 2022, but already on February 25, the volume of reserves decreased to $629.4 billion, and on March 4 to $608.9 billion.


Russia’s gold and foreign exchange reserves consist of foreign currency funds, special drawing rights, a reserve position in the IMF, and monetary gold.

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