Russia’s Gold and Forex Reserves Witness Growth, Confirms Central Bank of Russia

The Central Bank of the Russian Federation said that by May 1, the country’s international reserves increased by 0.32% compared to their level in April last year, amounting to $595.787 billion.

The Bank of Russia (the Russian regulator) indicated that reserves rose by $1.908 billion, or 0.32%.

For comparison, last year’s reserves as of May 1 were $593.052 billion.

Russia’s international reserves are highly liquid foreign assets, including foreign exchange, gold and special drawing rights.

Source: TASS

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