Dec 31, 2020
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Russian international reserves decreased by $ 1.2 billion over the week

Russia’s international reserves in the period from 18 to 25 December decreased by 0.2% ($ 1.2 billion in absolute terms).

About it it says in the materials of the Bank of Russia. The regulator linked the reduction in reserves to the cumulative negative impact of the revaluation of exchange rates and transactions in the accounts of the RF Ministry of Finance.

International reserves represent high liquidity foreign assets held by the Central Bank and the Cabinet. They consist of foreign exchange, monetary gold, a reserve position in the International Monetary Fund, and special drawing rights. The target level of the Bank of Russia for international reserves is $ 500 million.

As wrote, the real effective exchange rate of the ruble (against the currencies of the main trading partners of the Russian Federation, taking into account inflation), according to preliminary estimates, in January-November decreased by 16.8%, in November – increased by 0.4%, follows from the report Central Bank “Main Derivative Indicators of the Ruble Exchange Rate Dynamics” While the pandemic continues in the world and the economies of the countries remain rather closed, the decline in the ruble is likely to continue, economists worry.

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