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Number of the week: How much have Russian international reserves decreased?

By Eleonora Goldman, RBTH
number gold

Pavel Lisitsyn / RIA Novosti

From March 3 to 10, Russia's international reserves shrank by $2 billion, or 0.5 percent, to $391.4 billion, the Central Bank of Russia reports.

The bank noted that the decline in reserves occurred "as a result of negative revaluation." 

Russia's international reserves are highly liquid foreign assets at the disposal of the Bank of Russia and the Russian Government, including gold and foreign currency reserves.

In 2016, Russia's international reserves grew 2.5 percent. The reserves had their historical high in August 2008, when they totaled $598 million dollars.

Read more: Where are Russia’s vast gold reserves hidden?

March 17, 2017
Tags: number of the week, gold, RBTH Daily

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