Russia’s international reserves fell by $7.4 billion from July 8 to July 15

As of July 15, Russia’s international reserves amounted to $565.3 billion, the Bank of Russia said.

As of July 8, international reserves amounted to $572.7 billion. Thus, they decreased by $7.4 billion over the week.

International reserves are highly liquid financial assets at the disposal of the Bank of Russia and the Russian government. They consist of foreign currency assets, monetary gold, special drawing rights (SDRs, special drawing rights, the currency of account used by the International Monetary Fund, the IMF), a reserve position in the IMF and other reserve assets.

Michael Cooper

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