This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/521878-russia-forex-reserves-growth/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week | Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week |
| (4 months later) | |
| Russia’s foreign exchange holdings have continued to rise, reaching $583.7 billion as of April 16, the latest data released by the country’s central bank shows. | Russia’s foreign exchange holdings have continued to rise, reaching $583.7 billion as of April 16, the latest data released by the country’s central bank shows. |
| The holdings rose by $3.2 billion, or 0.6%, from the previous week. The growth was a result of “positive exchange rate revaluation and foreign exchange purchases within the framework of the fiscal rule,” according to the regulator. | The holdings rose by $3.2 billion, or 0.6%, from the previous week. The growth was a result of “positive exchange rate revaluation and foreign exchange purchases within the framework of the fiscal rule,” according to the regulator. |
| The country's international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies and Special Drawing Right (SDR) assets, which are at the disposal of the Central Bank of Russia and the government. | The country's international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies and Special Drawing Right (SDR) assets, which are at the disposal of the Central Bank of Russia and the government. |
| The holdings have surpassed the target level of $500 billion set by the regulator in June 2019 and have remained above the threshold ever since. | The holdings have surpassed the target level of $500 billion set by the regulator in June 2019 and have remained above the threshold ever since. |
| In 2020, Russia's reserves surged by over $40 billion despite the impact of the coronavirus pandemic on the country's economy, which forced the government to increase spending to support businesses and households. | In 2020, Russia's reserves surged by over $40 billion despite the impact of the coronavirus pandemic on the country's economy, which forced the government to increase spending to support businesses and households. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |