Russia's International Reserves Rise by $4.7 Billion in a Week, Central Bank Reports
The Bank of Russia said the increase to $758.2 billion was driven mainly by positive revaluation.
Russia's international reserves increased by $4.7 billion over the past week, reaching $758.2 billion, according to the Central Bank of Russia, as reported by TASS.
The regulator said the growth was primarily attributed to positive revaluation, according to the central bank's statement cited by TASS.
The Bank of Russia did not provide additional details on the specific factors contributing to the revaluation in the excerpt reported by TASS.
International reserves are typically composed of foreign currency, gold, special drawing rights, and other reserve assets held by a country's central bank. Fluctuations in these reserves can result from changes in market prices of the underlying assets, exchange rate movements, or transactions conducted by the central bank.
TASS did not report further specifics regarding the composition of the reserve increase or comparisons to previous reporting periods.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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