Russia’s international reserves dropped by $6.6 bln or by 1.1% over the week and amounted to $574 bln as of August 19, 2022, the Russian Central Bank said.
"The amount of international reserves as of August 19 totaled $574 bln, having declined over the week by $6.6 bln or by 1.1% under the effect of negative revaluation," the regulator said.
Reserves equaled $580.6 bln as of August 12 of this year.
Reserves declined as a result of the negative revaluation, the regulator noted.
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold. The target level for international reserves set by the Central Bank of Russia is $500 bln.
