Russian forex reserves growing ...News

Russia Today - Economy
Russian forex reserves growing
source : Russia Today ( News ) () 115
Holdings rose by $3.6 billion in one week, official data shows Russia has continued to boost its foreign currency reserves, which stood at $569.6 billion as of October 20, the central bank reported this week. According to the regulator, the volume of international reserves increased by $3.6 billion, or 0.6%, in the week from October 13, largely due to “a positive market revaluation.” The stockpile reached a historic high of $643.2 billion on February 18, 2022. However, roughly half of the holdings were frozen by Western central banks last March as part of Ukraine-related sanctions. In addition to freezing the fund

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