Photo: gold.ru
Russia’s international reserves fell by $8.5 billion, or 1.5%, over the week.
As of October 28, the volume of gold and foreign exchange reserves (GFR) amounted to $550.1 billion, as of November 4 – $541.6 billion, a correspondent reports. DOPs with reference to official site Central Bank of Russia.
For comparison, as of January 1, 2021, the volume of gold reserves was $597.7 billion. A year later, their volume increased to 630.5 billion dollars. The maximum level of international reserves reached $643.2 billion on February 18, 2022.
Reserves increased by $9.1 billion last week.
International reserves are highly liquid financial assets held by the Bank of Russia and the government of the Russian Federation. They consist of foreign currency assets, monetary gold, special drawing rights (SDRs, special drawing rights, the currency of account used by the International Monetary Fund, the IMF), a reserve position in the IMF and other reserve assets.
Recall that after the start of a special military operation, Western banks blocked about 300 billion dollars, which belong to Russia.
