Russia's international reserves fell by 0.7% over the week

Russia's international reserves fell by 0.7% over the period from March 1 to March 8 and amounted to $ 479.3 billion. Gazeta.Ru reports this, citing the press service of the Central Bank.


As the regulator notes, this happened under the influence of a “negative revaluation, partially compensated by the purchase of foreign currency within the framework of the budget rule”.

The international (gold) reserves of Russia are highly liquid foreign assets held by the Central Bank and the government.

Earlier, the Central Bank reported that the trade surplus of Russia in January-February of this year increased by about 1.3% compared to the same period in 2018.

REF: https://russian.rt.com/business/news/611168-bank-rezervy-rossiya