Russia’s international reserves up $8.9 bln over week to $600.7 bln – Bank of Russia

TASS Russian News Agency | Aug 13, 2020 at 4:45 PM

MOSCOW, August 13. /TASS/. Russia's international reserves, as of August 7, increased by 1.5% (or $8.9 bln) compared to July 31 and amounted to $600.7 bln, according to the materials of the Bank of Russia.

According to the regulator, the growth happened under the influence of a positive exchange rate revaluation and an increase in gold prices.

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.

The targeted level of Russia's international reserves set by the regulator stands at $500 bln.