Russia’s international reserves up $10.2 bln to $527.1 bln in one week – Central Bank

TASS Russian News Agency | Aug 15, 2019 at 1:21 PM

MOSCOW, August 15. /TASS/. Russia’s international reserves on August 9, 2019, amounted to $527.1 bln, which is $10.2 bln higher than a week earlier, the Russian Central Bank said.

For the tenth consecutive week, the volume of international reserves has exceeded the target level of $500 bln set by the Central Bank.

The growth of reserves by 2%, according to the regulator, was due to the "prevailing impact of a positive revaluation, reinforced by the purchase of foreign currency under the budget rule and monetization of gold."

Russia’s international reserves are highly liquid foreign assets held by the Central Bank and the government of the Russian Federation, they consist of funds in foreign currency, special drawing rights (SDR), reserve position in the IMF, and monetary gold.