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Russia's foreign exchange and gold reserves rise

2022-08-18T16:18:13.361Z

Moscow, SANA- Data from the Russian Central Bank showed today that Russia’s foreign exchange and gold reserves increased in



Moscow-Sana

Data from the Russian Central Bank showed today that Russia's foreign exchange and gold reserves increased last week by $5.8 billion, or 1 percent.

The Russia Today website quoted the bank as saying in a statement that the country's international reserves amounted to 580.6 billion dollars in the week ending on August 12, compared to 574.8 billion dollars recorded on the 5th of the same month.

Russian reserves recorded their highest level on February 18, 2022, at $643.2 billion.

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

After Russia launched a special military operation to protect Donbass at the end of last February, Western countries imposed sanctions on Moscow, which included freezing part of its international reserves. However, the Russian economy was not affected in the way that Western countries tried to do.

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Source: sena

All business articles on 2022-08-18

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