The growth of international reserves of Russia increased

the Volume of international reserves of the Russian Federation increased from 15 to 22 may 2020 for $2.4 billion to $565,3 billion, follows from materials of Bank of Russia.

a Week earlier, the reserves increased by $500 million before it was reduced by $4.9 billion, previously $2.5 billion.

As explained by the regulator, the reserves added, “under the influence of positive revaluation”.

Recall that on January 1, 2020, the reserves reached $554,359 billion, adding over the past year of 18.3%, or $85,864 billion, from $468,495 billion on January 1, 2019.

the International reserves are highly liquid foreign assets available to the Bank of Russia and the government of the Russian Federation. They consist of foreign exchange reserves, monetary gold, and drawing rights (SDRs), reserve position in IMF and other reserve assets.

a Historic low on reserves was recorded April 2, 1999 ($10.7 billion), the absolute maximum was achieved on 8 August 2008 ($598.1 billion).

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