Russia’s foreign exchange reserves reach record $600 billion ...News

Russia’s gold and foreign currency holdings hit a record high of $600.9 billion after a gain of more than 1% week-over-week, according to data published by the country’s central bank. “Foreign exchange reserves rose by $7 billion, or 1.2%, over a week through May 21, and totaled $600.9 billion,” the regulator reported. Russia’s international reserves include highly liquid foreign assets like stocks of monetary gold, foreign currencies, and Special Drawing Rights assets, which are at the disposal of the Central Bank of Russia and the government. The regulator had previously set the target level for forex reserves at $500 billion. The as

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Russia’s foreign exchange reserves reach record $600 billion ...News

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