Russia’s FX, gold reserves fall to $604.4 bln on March 25

MOSCOW, Mar 31 (PRIME) -- Russia’s foreign exchange and gold reserves fell to U.S. $604.4 billion on March 25 from $643.2 billion on February 18, the central bank said on Thursday.

In 2021, Russia’s foreign exchange and gold reserves rose 5.9% to $630.627 billion as of January 1, 2022.

Foreign exchange and gold reserves comprise monetary gold, foreign currency and Special Drawing Rights, which are the International Monetary Fund’s currency.

Foreign currency includes the foreign currencies of the central bank and the Finance Ministry in paper money, reverse repo agreements with nonresidents, accounts with foreign banks rated at least A by Fitch and Standard & Poor’s and at least A2 by Moody’s, as well as government or other bonds issued by nonresidents with similar ratings.

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