Russia’s International Reserves Reach Record $722.5 Billion
The weekly gain reflects positive revaluation of reserve assets, the Bank of Russia said.
Overview
- Reserves increased by $9.2 billion, or 1.3%, in the week to October 3, according to the central bank.
- Officials attributed the rise primarily to a positive revaluation rather than new transactions.
- The previous reading on September 26 was $713.3 billion, which had also set a record at the time.
- The stock consists of monetary gold, special drawing rights, the IMF reserve position, and foreign‑currency assets held by the state and the central bank.
- Central bank data indicate roughly 1.8% growth over the past year, with the figures published in the bank’s regular update and reported by RIA Novosti.