Russia’s reserves surge past $600 billion mark ...News

The country’s holdings jumped by nearly $7 billion in a week, official data shows Russia has continued amassing foreign currency reserves, with the stockpile rising to $600.8 billion as of April 7, according to the central bank’s report on Thursday. The regulator said that the volume of international reserves increased by $6.9 billion, or 1.2%, from March 31 due to “a positive market revaluation.” The figure, however, is lower than a year ago, when the country’s reserves hit a historic high of $643.2 billion on February 18. Roughly half of the holdings were frozen by Western central banks in early March as part of

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Russia’s reserves surge past $600 billion mark ...News

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