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Russia’s international reserves decreased by $12.3 billion over the week

As of June 17, the international reserves of the Russian Federation amounted to $582.3 billion, having decreased by 2.1% or $12.3 billion over the week. This follows from the statistics presented on the website of the Central Bank. It follows from the regulator’s commentary that the decrease occurred as a result of a negative revaluation.


“International reserves as of June 17 amounted to $582.3 billion, down $12.3 billion, or 2.1%, over the week as a result of a negative revaluation,” the Central Bank said in a comment.


As of June 10, the international reserves of the Russian Federation were estimated at $594.6 billion; reserves 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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