The Russian Federation’s foreign reserves increased by 1.5% (8 billion dollars) in a week, according to data from the Bank of Russia, to reach $548.7 billion as of October 7, 2022.
The amount of international reserves as of October 7 was $548.7 billion, up $8.0 billion, or 1.5%, over the previous week due to a favourable revaluation, according to a statement.
Russian foreign exchange reserves stood at $ 540. 7 billion as of September 30.
International reserves are high -liquidity foreign assets maintained by the Bank of Russia and the government of the Russian Federation, and it consists of foreign currency funds, private drawing rights and the reserve center in the International Monetary Fund and Monetary Gold.
Western nations placed sanctions against the Bank of Russia at the start of the Russian special operation in Ukraine.
In addition to freezing gold reserves and foreign currencies of the Russian Federation, all transactions related to the management of the Central Bank reserves and assets, as well as transactions with any legal entity, organization or body operating with a power of attorney or on behalf of the bank.
Origin: Tas.
Within a week, Russia’s foreign exchange and gold reserves increased to $548.7 billion.
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