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Russia enters the Big Five club with gold and foreign exchange reserves

2021-10-15T12:03:46.856Z

Moscow, SANA- The Russian Financial Supervisory Authority stated that Russia is now one of the five leading countries in terms of demand



Moscow-Sana

The Russian Financial Supervisory Authority reported that Russia is now one of the five leading countries in terms of international reserves.

A statement published by the Russian authority after conducting an audit of the management of gold and foreign exchange reserves, reported by RIA Novosti Agency today, stated that Russia's international reserves, which include gold and foreign exchange, exceeded by the first of last September the level of 618.2 billion dollars, which is a historical record, as the Central Bank of Russia did not reach these indicators. From before.

According to the authority, reserves have grown by $235 billion since the beginning of 2015 and said that Russia is currently ranked fifth in the world in terms of international reserves after China, Japan, Switzerland and India.

Russia's international reserves are highly liquid foreign assets that include foreign exchange, gold, and special drawing rights.

Source: sena

All business articles on 2021-10-15

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