Razan Al Naeimi

Source: WAM

The Russian international reserves of gold and foreign currencies have reached an increase of 581.7 billion dollars.

Data from the Russian Central Bank indicated that Russia's international reserves, which include foreign cash and gold, rose by an increase of 5.2 billion dollars, for the period from December 9 to 16, by 0.9%, reaching 581.7 billion dollars, while the reserves increased in 2021 by 5.9% to reach 630.6 billion dollars, and had reached their highest level ever at 643.2 billion dollars on February 18, 2022.

Russia's international reserves consist of gold, special drawing rights, foreign currency, and the reserve in the International Monetary Fund, which are highly liquid foreign assets held by the Central Bank and the Russian government.