Russia’s international reserves up $1.2 bln to $518.3 bln over week – Central Bank

TASS Russian News Agency | Jul 11, 2019 at 1:12 PM

/Update/

MOSCOW, July 11. /TASS/. Russia’s international reserves rose by $1.2 bln over the week and totaled $518.3 bln as of July 5, 2019, the Central Bank said on Thursday.

International reserves are above the target level of $500 bln set by the Central Bank for five weeks in a row.

Reserves increased by 0.2% "in consequence of foreign exchange purchase within the fiscal rule framework," the regulator says.

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.