The country’s holdings surged by more than $14 billion in December, according to the Central Bank Russia continues to grow its foreign currency reserves, which surpassed $580 billion in December, the Bank of Russia announced this week. According to the regulator, holdings amounted to $581.9 billion as of January 1, rising by 2.6% or $14.7 billion month-on-month due to a positive revaluation of currencies. The figure, however, is lower than a year ago – on January 1, 2022, the country’s international reserves stood at $630.6 billion, and later reached a historical maximum of $643.2 billion on February 18. Russia’s
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