Russia keeps amassing forex reserves ...News

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Russia keeps amassing forex reserves
source : Russia Today ( News ) () 30
Holdings grew by more than $5 billion in a single week, according to the Central Bank Russia’s foreign currency reserves have surpassed $580 billion, the Bank of Russia announced on Thursday. According to the regulator, holdings rose by $5.2 billion or 0.9% in the week to December 16, to reach $581.7 billion. The increase was attributed to a positive market revaluation. Roughly half of Russia’s foreign currency reserves were frozen by Western central banks in early March as part of sanctions over the Ukraine conflict. The remaining holdings consist of gold and foreign currency held within the country, as well as C

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