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US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

This is according to Elvira Nabiullina, the governor of Russia’s central bank. “That’s why our monetary policy, as well as fiscal policy and whole macroeconomic policy, is quite conservative,” she told American broadcaster CNBC, noting that Russia has reserves big enough “to withstand all financial scenarios or geopolitical scenarios.” Russia …

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China’s foreign exchange reserves soar to $3.2 TRILLION

The increase was due to the US dollar’s decline against other major currencies held in the reserves, along with rises in global asset prices, China’s central bank said in a statement on Friday. The Chinese yuan appreciated 1.2% against the dollar in April, while the greenback dropped 2.1% against a …

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

“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) …

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‘Just like pirates’: Syrian minister says US controls most crude reserves in northeast, loots oil to strangle country’s economy

“Americans and their allies are targeting the Syrian oil wealth and its tankers just like pirates,” Petroleum and Mineral Resources Minister Bassam Tomeh told state TV this week, adding that the move is designed to cripple Syria’s economy, which depends on oil revenues.  While US officials maintain the military presence …

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