Russia’s international reserves fell by $3 bln to $379.4 bln over week

Russia’s international reserves mostly comprising gold and foreign currency fell by $3 billion in the week of February 12-19 to $379.4 billion, the Central Bank of Russia said on Thursday.

Russia’s international reserves mostly comprising gold and foreign currency fell by $3 billion in the week of February 12-19 to $379.4 billion, the Central Bank of Russia said on Thursday.

Russia’s international reserves are highly liquid foreign assets managed by the Central Bank of Russia. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.

Russia’s international reserves fell by $124.135 billion or 24.4% in 2014 to $385.46 billion as of January 1, 2015.

During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009).

First published by TASS.

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