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Russia’s international reserves grow

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Russia’s international reserves grow
March 08
09:00 2019

The representatives of the Central Bank of the Russian Federation have reported that on the 1st day of the first spring month, the country’s international reserve was equal to 482.8 billion US dollars. On February 22d, the same figure was equal to 480.5 billion US dollars. Thus, the weekly increase has totaled $ 2.3 billion.

The external assets managed by the Central Bank and the government bodies of the Russian Federation serve as the reserves, which are used to adjust the balance of payments, manage the exchange rate and so on.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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