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Russia’s international reserves exceeded $540 billion

Международные резервы России перевалили за $540 млрд

The volume of international reserves of the Russian Federation increased from October 25 to November 1, 2019 $3 billion to $542,9 billion, follows from materials of Bank of Russia.

Recall that a week earlier, the reserves are “enriched” by $2.7 billion to $1.8 billion, prior to $2.5 billion.

It clarifies the regulator, the reserves have increased “mainly due to positive revaluation and purchase of foreign currency in the framework of the budget rules.”

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Last month, Russia’s international reserves increased by 0.3% — from $529,083 billion on September 1 to $530,923 billion on October 1, 2019.

Note that for 2018, the international reserves were replenished by 8.3% to $468,495 billion on January 1, 2019.

Historic low on reserves was recorded April 2, 1999 ($10.7 billion), the absolute maximum was achieved on 8 August 2008 ($598.1 billion).

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We also add for comparison that China’s foreign exchange reserves, the largest in the world by the end of October 2019 increased by 0.4% to $3 trillion of 105.2 billion, compared with $3 trillion to 92.4 billion in September.

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