Russia’s gold & foreign currency reserves break through $590 BILLION ...News

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Russia’s gold & foreign currency reserves break through $590 BILLION
source : Russia Today ( News ) () 10
Russia’s foreign exchange holdings soared by $1 billion, or 0.2%, in just one week from April 23, according to the latest data from the central bank. “International reserves stood at $590.5 billion as of April 30… as a result of foreign exchange purchases under the fiscal rule, as well as a positive revaluation,” the regulator said. Russia’s international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Rights (SDR) assets, which are at the disposal of the Central Bank of Russia (CBR) and the government. The holdings have been steadily growing in recent years and have

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