Russia’s international reserves up $1 bln to $584.9 bln over week – Central Bank

TASS Russian News Agency | Nov 26, 2020 at 2:52 PM


MOSCOW, November 26. /TASS/. Russia's international reserves rose by $1 bln (by 062%) and amounted to $584.9 bln as of November 13, 2020, the Central Bank said on Thursday.

Reserves increased "predominantly under influence of the positive exchange rate revaluation," the regulator says.

The target level for international reserves set earlier by the Central Bank amounts to $500 bln.

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.